The table given below states the value of the GDP and the different components of aggregate expenditure for two years.
Table 10.1
-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
Correct Answer:
Verified
Q5: At the equilibrium level of income, which
Q7: Assume we are at an income level
Q8: The figure given below shows the aggregate
Q8: The equilibrium level of income will rise
Q10: The figure given below shows the aggregate
Q11: Which of the following can be considered
Q14: In macroeconomics, equilibrium is defined as the
Q14: The figure given below shows the aggregate
Q15: The table given below shows the
Q17: The table given below shows the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents