Multiple Choice
Given the equations for C, I, G, and NX below, what is the equilibrium level of GDP?
C = 1,000 + 0.8Y
I = 1,500
G = 1,250
NX = 100
A) $3,080
B) $6,930
C) $3,850
D) $19,250
Correct Answer:
Verified
Correct Answer:
Verified
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