Refer to Table 10.1. Equilibrium real GDP for this economy is equal to

A) $5.75 billion.
B) $12 billion.
C) $23 billion.
D) $46 billion.

C

Economics

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Which of the following categories account for the smallest fraction of unemployed workers?

a. Job leavers b. Job losers c. Reentrants d. New entrants

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The combinations of inputs that produce a given level of output are depicted by:

A. isoquants. B. isocost curves. C. budget lines. D. indifference curves.

Economics