In Figure 3-7 above, if the natural real GDP is $2500, AP = $250, and the change in "a" = change in I = change in NX = 0, then the natural real GDP could be attained with a
A) $250 decrease in T.
B) $250 increase in G.
C) $1250 increase in G.
D) $500 decrease in T.
B
Economics
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Refer to the scenario above. What is the probability of picking a green ball from the box?
A) 12.83% B) 16.67% C) 24.75% D) 32.35%
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Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed. The quota will make total consumer surplus equal to
A) $25,000. B) $13,125,000. C) $40,000,000. D) $62,500,000. E) $75,625,000.
Economics