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(Advanced Analysis)Answer the Question on the Basis of the Following Ig=Ig=80 S=80+0.4Y\begin{array} { l } I _ { g } = \overline { I _ { g } } = 80 \\\mathrm {~S} = - 80 + 0.4 \mathrm { Y }\end{array}

Question 12

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following information for a private closed economy,where Ig is gross investment,S is saving,and Y is gross domestic product (GDP) . Ig=Ig=80 S=80+0.4Y\begin{array} { l } I _ { g } = \overline { I _ { g } } = 80 \\\mathrm {~S} = - 80 + 0.4 \mathrm { Y }\end{array} Refer to the information.The equilibrium GDP will be:


A) $160.
B) $400.
C) $360.
D) $480.

Correct Answer:

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