Consider the Following Data A)2,400 B)3,600 C)4,200 D)4,600
Question 21
Question 21
Multiple Choice
Consider the following data. What is the equilibrium GDP in this economy (in millions of dollars) ? Real GDP (millions of dollars) 06001,2001,8002,4003,0003,6004,2004,800 Consumptio n (millions of dollars) 4008001,2001,6002,0002,4002,8003,2003,600 Investment (millions of dollars) 525525525525525525525525525 Government Expenditure (millions of dollars) 550550550550550550550550550 Net Exports (millions of dollars) −75−75−75−75−75−75−75−75−75
A) 2,400 B) 3,600 C) 4,200 D) 4,600
Correct Answer:
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