-The equilibrium level of GDP in the above open economy:
A) is $100.
B) is $250.
C) is $350.
D) is $500.

Name: -The equilibrium level of GDP in the above open economy: A) is $100. B) is $250. C) is $350. D) is $500.
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Question

-The equilibrium level of GDP in the above open economy:
A) is $100. 
B) is $250. 
C) is $350. 
D) is $500.

Quizplus · Accepted Answer

The equilibrium level of GDP in an open economy is determined where aggregate demand equals aggregate supply. Without additional context or data, $350 is assumed to be the equilibrium level based on typical economic models or given information.

-The Equilibrium Level of GDP in the Above Open Economy