Given the equations for C, I, G, and NX below, what is the equilibrium level of GDP?
C = 1,000 + 0.8Y
I = 1,500
G =1,250
NX = 100
A) $3,080 B) $3,850 C) $6,930 D) $19,250
D
Economics
C = 1,000 + 0.8Y
I = 1,500
G =1,250
NX = 100
A) $3,080 B) $3,850 C) $6,930 D) $19,250
D