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The Following Information Is for a Private Closed Economy, Where

Question 25

Multiple Choice

The following information is for a private closed economy, where Ig is gross investment, S is saving, and Y is gross domestic product (GDP) .Ig = 80 S = -80 + 0.4Y
Refer to the above information.The equilibrium GDP will be:


A) $160.
B) $400.
C) $360.
D) $480.

Correct Answer:

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