Multiple Choice
All figures below are in billions of dollars. Refer to the table above. If gross investment is $12 billion, the equilibrium level of GDP will be:
A) $260 billion
B) $270 billion
C) $280 billion
D) $290 billion
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q63: The table shows the consumption schedule for
Q64: The data below is the consumption schedule
Q65: Saving is $40 billion and planned investment
Q66: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" In the above
Q67: If the MPC in the economy is
Q69: In a private closed economy, there will
Q70: In which of the following situations for
Q71: The major economic issue during the Great
Q72: A newspaper story states: "For the fourth
Q73: A personal tax cut of $50 billion