The following table is for a particular country in which C is consumption expenditures, Ig is gross investment expenditures, G is government expenditures, X is exports, and M is imports.All figures are in billions of dollars.Each question is independent of the other questions. Refer to the above table.If the equilibrium level of real GDP is $43 billion in this country, its level of consumption will be:
A) $18 billion.
B) $20 billion.
C) $22 billion.
D) $26 billion.
Correct Answer:
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