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The Letters Y, C, Ig, X, and M Stand for GDP

Question 15

Multiple Choice

The letters Y, C, Ig, X, and M stand for GDP, consumption, gross investment, exports, and imports respectively.Figures are in billions of dollars.C = 26 + .75Y Ig = 60
X = 24
M = 10
The equilibrium level of GDP for the above open economy is:


A) $390
B) $375
C) $320
D) $400

Correct Answer:

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