Consumption is $60 billion, investment is $54 billion, government expenditure is $47 billion, exports are $34 billion, and imports are $41 billion. What is real GDP if the economy is at macroeconomic equilibrium?
A) $161 billion
B) $195 billion
C) $168 billion
D) $154 billion
Correct Answer:
Verified
Q29: Consider the Keynesian cross shown here. At
Q30: Consider the Keynesian cross shown here. What
Q31: Consider the Keynesian cross shown here. The
Q32: Consumption is $53 billion, investment is $47.8
Q33: Consumption is $60 billion, investment is $54
Q35: Consumption is $51 billion, investment is $54
Q36: If consumption decreases:
A)a depression occurs in the
Q37: If investment increases:
A)consumption also increases.
B)real GDP falls.
C)the
Q38: If investment decreases:
A)the aggregate expenditure line shifts
Q39: If exports rise and imports fall:
A)equilibrium GDP
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