The letters Y, C, I_g, X, and M stand for GDP, consumption, gross investment, exports, and imports respectively.Figures are in billions of dollars.C = 26 + .75Y I_g = 60
X = 24
M = 10
The equilibrium level of GDP for the above open economy is:

Question

Quizplus · Accepted Answer

The Answer of The letters Y, C, I_g, X, and M stand for GDP, consumption, gross investment, exports, and imports respectively.Figures are in billions of dollars.C = 26 + .75Y I_g = 60 X = 24 M = 10 The equilibrium level of GDP for the above open economy is: A)$390 B)$375 C)$320 D)$400

The Letters Y, C, Ig, X, and M Stand for GDP

The Letters Y, C, I_g, X, and M Stand for GDP