Multiple Choice
In a closed economy, if the goods market is in equilibrium, national saving is $2 trillion, national consumption is $7 trillion, and government purchases are $2.5 trillion, then GDP equals
A) $7 trillion.
B) $9.5 trillion.
C) $11.5 trillion.
D) Not enough information has been provided to determine the answer.
Correct Answer:
Verified
Correct Answer:
Verified
Q70: Suppose that computer hackers are able to
Q71: If government purchases decrease, the IS curve
Q72: In general equilibrium, an increase in the
Q73: Which of the following will NOT cause
Q74: Purchases and sales of stocks, bonds, and
Q76: At a point above the IS curve,<br>A)saving
Q77: At a point above the LM curve,<br>A)there
Q78: Which of the following would NOT cause
Q79: Which of the following is NOT a
Q80: In a closed economy, the total quantity