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Question 108

Multiple Choice

-Refer to the graph above to answer this question.Suppose that G equals $650,I equals $380 and X equals $170.If income equals $1,200,which of the following statements is correct? A) There is a shortage of goods and services of $100. B) There is a surplus of goods and services of $100. C) There is a shortage of goods and services of $300. D) There is a surplus of goods and services of $300. E) The economy is in expenditures equilibrium.
-Refer to the graph above to answer this question.Suppose that G equals $650,I equals $380 and X equals $170.If income equals $1,200,which of the following statements is correct?


A) There is a shortage of goods and services of $100.
B) There is a surplus of goods and services of $100.
C) There is a shortage of goods and services of $300.
D) There is a surplus of goods and services of $300.
E) The economy is in expenditures equilibrium.

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