Multiple Choice
(Advanced analysis) Answer the question on the basis of the following information for a mixed open economy.The letters Y,Ca,Ig,Xn,G,and T stand for GDP,consumption,gross investment,net exports,government purchases,and net taxes respectively.Figures are in billions of dollars. Refer to the information.If the economy's tax schedule was T = .2Y rather than T = T0 = 30,the equilibrium GDP would be:
A) $387.5.
B) $518.5.
C) $316.
D) $412.
Correct Answer:

Verified
Correct Answer:
Verified
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