Consider a Simple Macro Model with a Constant Price Level

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 60 + 0.43Y,I = 150,G = 260,T = 0,X = 90,IM = 0.06Y.The trade balance at equilibrium national income is

A) a deficit of 36.67.
B) a deficit of 21.43.
C) zero.
D) a surplus of 21.43.
E) a surplus of 36.67.