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Given the Equations for C,I,G,and NX Below,what Is the Equilibrium

Question 214

Multiple Choice

Given the equations for C,I,G,and NX below,what is the equilibrium level of GDP? C = 1,000 + 0.8Y
I = 1,500
G =1,250
NX = 100

A) $3,080
B) $3,850
C) $6,930
D) $19,250

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