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(Advanced Analysis)Answer the Question on the Basis of the Following C=40+0.8Ytg=Ig‾=40X=Xˉ=20M=Mˉ=30\begin{array} { l } C = 40 + 0.8 Y \\t _ { g } = \overline { I _ { g } } = 40 \\X = \bar { X } = 20 \\M = \bar { M } = 30\end{array}

Question 101

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following information for a private open economy.The letters Y,C,Ig,X,and M stand for GDP,consumption,gross investment,exports,and imports respectively.Figures are in billions of dollars. C=40+0.8Ytg=Ig‾=40X=Xˉ=20M=Mˉ=30\begin{array} { l } C = 40 + 0.8 Y \\t _ { g } = \overline { I _ { g } } = 40 \\X = \bar { X } = 20 \\M = \bar { M } = 30\end{array} The equilibrium GDP (=Y) in the economy is:


A) $200.
B) $245.
C) $320.
D) $350.

Correct Answer:

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