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C = 26 + 0

Question 8

Multiple Choice

C = 26 + 0.75Y I g = 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 multiplier for the economy is


A) 4.6.
B) 3.33.
C) 5.0.
D) 4.0.

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