Multiple Choice
The following table is for a particular country in which C is consumption expenditures, Ig is gross investment expenditures, G is government expenditures, X is exports, and M is imports.All figures are in billions of dollars.Each question is independent of the other questions. Refer to the above table.If the aggregate supply schedule intersects the aggregate demand at price level 119 in this country, its equilibrium level of real GDP will be:
A) $37 billion.
B) $35 billion.
C) $26 billion.
D) $43 billion.
Correct Answer:

Verified
Correct Answer:
Verified
Q108: Other things equal, an increase in the
Q112: A rightward shift in the aggregate supply
Q113: A fall in real interest rates will
Q114: The following list of items are related
Q115: A decrease in aggregate demand is most
Q118: An increase in the GDP price level
Q119: The economy experiences an increase in the
Q120: Refer to the diagram given below. <img
Q121: The following table shows the aggregate demand
Q122: The relationship between the price level and