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The Table Given Below States the Value of the GDP

Question 12

Multiple Choice

The table given below states the value of the GDP and the different components of aggregate expenditure for two years.
Table 10.1
 GDP CIG Export  Import  Year 1 $750$110$60$70$50 Year 2 $1,150$930$90$75$125\begin{array}{|c|c|c|c|c|c|c|}\hline & \text { GDP } & \boldsymbol{C} & \boldsymbol{I} & \mathbf{G} & \text { Export } & \text { Import } \\\hline \text { Year 1 } & - & \$ 750 & \$ 110 & \$ 60 & \$ 70 & \$ 50 \\\hline \text { Year 2 } & \$ 1,150 & \$ 930 & \$ 90 & \$ 75 & \$ 125 & - \\\hline\end{array}
-Refer to Table 10.1. What would be the new equilibrium level of real GDP in year 2 if net exports equaled zero?


A) $1,205
B) $1,095
C) $1,050
D) $1,170
E) $1,120

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