Multiple Choice
Ca = 25 + 0.75 (Y - T) Ig = 50 Xn = 10
G = 70
T = 30
(Advanced analysis) The accompanying equations are for a mixed open economy.The letters Y, Ca, Ig, Xn, G, and T stand for GDP, consumption, gross investment, net exports, government purchases, and net taxes, respectively.Figures are in billions of dollars.The equilibrium level of GDP for this economy is
A) $600.
B) $530.
C) $415.
D) $400.
Correct Answer:
Verified
Correct Answer:
Verified
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