Multiple Choice
Ig = 80
SA=−80 + 0.4Y
(Advanced analysis) The equations refer to a private closed economy, where Ig is gross investment, S
Is saving, and Y is gross domestic product (GDP) . The equilibrium GDP will be
A) $160.
B) $400.
C) $360.
D) $480.
Correct Answer:
Verified
Correct Answer:
Verified
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