Multiple Choice
The next questions refer to the following hypothetical economy.
A nation produces 1000 units of output. It sells 800 of these to domestic consumers at a price of $4 per unit, and exports the remaining 200 units to countries overseas at a price of $5 per unit. The country also imports 100 units of another good at a price of $6 per unit. There is neither investment nor government expenditure in this economy.
-Aggregate demand for the output of this country is
A) 4200
B) 3200
C) 3600
D) 2800
E) 3800
Correct Answer:
Verified
Correct Answer:
Verified
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