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Given the Equations for C, I, G, and NX Below

Question 64

Multiple Choice

Given the equations for C, I, G, and NX below, what is the equilibrium level of GDP? C = 2,000 + 0.9Y
I = 2,500
G = 3,000
NX = 400

A) $4,333
B) $7,100
C) $8,778
D) $79,000
E) $85,000

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