Solved

C = 26 + 0

Question 114

Multiple Choice

C = 26 + 0.75Y Ig = 60 X = 24
M = 10
(Advanced analysis) The equations give information for a private open economy.The letters Y, C, I g, X, and M stand for GDP, consumption, gross investment, exports, and imports, respectively.Figures are in billions of dollars.The equilibrium GDP for the open economy is


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions