C = $40 million + 0.6(1 - 0.2)Y I = $35 million G = $31 million NX = -$6 million Based on the above data, the equilibrium level of GDP is
A) $113.6 million.
B) $192.3 million.
C) $208.3 million.
D) $833.3 million.
B
Economics
You might also like to view...
A profit-maximizing monopolistic competitor continues production until ________
A) marginal revenue exceeds marginal cost B) marginal revenue equals marginal cost C) marginal revenue exceeds average revenue D) marginal revenue equals average revenue
Economics
When part of the quantity of money is held in currency, then
A) a currency drain occurs. B) there is a higher level of excess reserves. C) the money multiplier will increase in value. D) the Fed will find it beneficial to increase the discount rate.
Economics