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If the Equilibrium Level of GDP in a Private Open

Question 74

Multiple Choice

If the equilibrium level of GDP in a private open economy is $1,000 billion and consumption is $700 billion at that level of GDP, then

A) saving must be $300 billion.
B) net exports must be $300 billion.
C) S + C must equal $300 billion.
D) Ig + Xn must equal $300 billion.

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