Multiple Choice
C = $40 million + 0.6(1 - 0.2) Y
I = $35 million
G = $31 million
NX = -$6 million
Based on the above data,the equilibrium level of GDP is
A) $113.6 million.
B) $192.3 million.
C) $208.3 million.
D) $833.3 million.
Correct Answer:
Verified
Related Questions
Q39: Figure 13.1 Q40: The gross federal debt refers to Q41: Figure 13.2 Q42: If the MPC is 0.9 and the Q43: Assume the economy is initially in equilibrium Q45: If the MPC is 0.75 and 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
![]()
A) the
![]()