The table given below shows the levels of national income (Y) and the corresponding levels of saving (S) , investment (I) , export (X) , and import (M) of an open economy.
Table 10.2
-Consider the economy described in Table 10.2. What is the equilibrium level of real GDP?
A) $935
B) $2,100
C) $3,320
D) $4,800
E) $5,230
Correct Answer:
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Q1: The table given below shows the
Q2: The table given below states the
Q5: At the equilibrium level of income, which
Q6: The table given below states the
Q8: The equilibrium level of income will rise
Q8: The figure given below shows the aggregate
Q10: The figure given below shows the aggregate
Q14: In macroeconomics, equilibrium is defined as the
Q15: If aggregate expenditures are less than real
Q18: Assume that an economy is in equilibrium
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