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Consider the Following Data A)3,700
B)3,100
C)2,500
D)4,300

Question 5

Multiple Choice

Consider the following data. What is the equilibrium GDP in this economy (in millions of $) ?  Consumption  (millions of  S)   Investment  (millions of  $)   Government  Expenditure  (millions of  $)   Exports  (millions of  $)   Imports  (millions of  $)   Real  GDP  (millions of  $)  1,0005255753003001,3001,4005255753003001,9001,8005255753003002,5002,2005255753003003,1002,6005255753003003,7003,0005255753003004,300\begin{array} { | c | c | c | c | c | c | } \hline \begin{array} { c } \text { Consumption } \\\text { (millions of } \\\text { S) }\end{array} & \begin{array} { c } \text { Investment } \\\text { (millions of } \\\text { \$) }\end{array} & \begin{array} { c } \text { Government } \\\text { Expenditure } \\\text { (millions of }\\\text { \$) }\end{array} & \begin{array} { c } \text { Exports } \\\text { (millions of }\\\text { \$) }\end{array} & \begin{array} { c } \text { Imports } \\\text { (millions of } \\\text { \$) }\end{array} & \begin{array} { c } \text { Real } \\\text { GDP } \\\text { (millions of } \\\text { \$) }\end{array} \\\hline 1,000 & 525 & 575 & 300 & 300 & 1,300 \\\hline 1,400 & 525 & 575 & 300 & 300 & 1,900 \\\hline 1,800 & 525 & 575 & 300 & 300 & 2,500 \\\hline 2,200 & 525 & 575 & 300 & 300 & 3,100 \\\hline 2,600 & 525 & 575 & 300 & 300 & 3,700 \\\hline 3,000 & 525 & 575 & 300 & 300 & 4,300 \\\hline\end{array}


A) 3,700
B) 3,100
C) 2,500
D) 4,300

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