Exhibit 9-1 GDP and consumption data

As shown in Exhibit 9-1, if investment is $0.5 trillion, government spending is $1 trillion, and net exports are − $0.5 trillion, then equilibrium GDP is:
A) $2 trillion.
B) $3 trillion.
C) $4 trillion.
D) $5 trillion.

Question

Exhibit 9-1 GDP and consumption data

As shown in Exhibit 9-1, if investment is $0.5 trillion, government spending is $1 trillion, and net exports are − $0.5 trillion, then equilibrium GDP is:
A) $2 trillion. 
B) $3 trillion. 
C) $4 trillion. 
D) $5 trillion.

Quizplus · Accepted Answer

The Answer of Exhibit 9-1 GDP and consumption data

As shown in Exhibit 9-1, if investment is $0.5 trillion, government spending is $1 trillion, and net exports are − $0.5 trillion, then equilibrium GDP is:
A) $2 trillion. 
B) $3 trillion. 
C) $4 trillion. 
D) $5 trillion.

Exhibit 9-1 GDP and Consumption Data