Multiple Choice
Answer the question on the basis of the following table for a particular country in which C is consumption expenditures,Ig is gross investment expenditures,G is government expenditures,X is exports,and M is imports.All figures are in billions of dollars.Each question is independent of other question using the same table,unless otherwise stated.
Refer to the table.If the amounts of GDP supplied at the price levels shown (in descending order) are $45,$43,$40,$37,and $31,the equilibrium level of real GDP will be:
A) $37 billion.
B) $35 billion.
C) $26 billion.
D) $43 billion.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: (Consider This) The ratchet effect is the
Q30: In the immediate short run, both input
Q70: The immediate-short-run aggregate supply curve is<br>A) downsloping.<br>B)
Q72: The size of the multiplier associated with
Q74: Which one of the following would not
Q78: Suppose that technological advancements stimulate $20 billion
Q108: Prices and wages tend to be<br>A)flexible both
Q123: Other things equal, a reduction in personal
Q168: A rightward shift of the AD curve
Q302: If aggregate demand increases and aggregate supply