Exhibit 10-2

-In equilibrium in Exhibit 10-2, S + NT = I + G + (X - M) and is equal to
A)$1.1 trillion
B)$1.2 trillion
C)$1.3 trillion
D)$1.4 trillion
E)$1.5 trillion

Question

Exhibit 10-2
 
-In equilibrium in Exhibit 10-2, S + NT = I + G + (X - M) and is equal to
A)$1.1 trillion 
B)$1.2 trillion 
C)$1.3 trillion 
D)$1.4 trillion 
E)$1.5 trillion

Quizplus · Accepted Answer

The equation S + NT = I + G + (X - M) represents the equilibrium condition in the economy. According to Exhibit 10-2, this equilibrium value is given as $1.3 trillion.

Exhibit 10-2 -In Equilibrium in Exhibit 10-2, S + NT = I