Complete the following table and answer the next question(s) on the basis of the resulting data.All figures are in billions of dollars.
-If the above economy was closed to international trade,the equilibrium GDP and the multiplier would be:
A) $300 and 5.
B) $350 and 4.
C) $400 and 4.
D) $350 and 5.
Correct Answer:
Verified
Q94: Q95: Q96: The table shows a private,open economy.All figures Q97: Refer to the diagram below.The multiplier in Q98: The table shows a private,open economy.All figures Q104: The marginal propensity to import is: Q122: In reality, if a nation imposes tarrifs, Q128: What is the likely result from a Q129: Other things equal, serious recession in the Q155: Other things being equal, the effect of
A)the change
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