All figures in the table below are in billions of dollars. Refer to the above data. If this economy were closed to international trade, then the equilibrium GDP and the multiplier would be:
A) $500 billion and 5
B) $500 billion and 4
C) $600 billion and 5
D) $600 billion and 4

Question

All figures in the table below are in billions of dollars.  Refer to the above data. If this economy were closed to international trade, then the equilibrium GDP and the multiplier would be:
A) $500 billion and 5 
B) $500 billion and 4 
C) $600 billion and 5 
D) $600 billion and 4

Quizplus · Accepted Answer

The Answer of All figures in the table below are in billions of dollars.  Refer to the above data. If this economy were closed to international trade, then the equilibrium GDP and the multiplier would be:
A) $500 billion and 5 
B) $500 billion and 4 
C) $600 billion and 5 
D) $600 billion and 4

All Figures in the Table Below Are in Billions of Dollars