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

Question 15

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) $3,850
C) $6,930
D) $19,250
E) $38,500

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