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All Figures in the Table Below Are in Billions

Question 16

Multiple Choice

All figures in the table below are in billions. All figures in the table below are in billions. Refer to the above data. If exports increased by $15 billion at each level of GDP, all other factors constant, then the equilibrium level of GDP would be: A) $550 billion B) $600 billion C) $650 billion D) $700 billion Refer to the above data. If exports increased by $15 billion at each level of GDP, all other factors constant, then the equilibrium level of GDP would be:


A) $550 billion
B) $600 billion
C) $650 billion
D) $700 billion

Correct Answer:

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