All Figures in the Table Below Are in Billions of Dollars

Multiple Choice

All figures in the table below are in billions of dollars. Refer to the above data. Gross investment is $8 billion, net exports are $4 billion, and government collects a lump-sum tax of $30 billion and spends $30 billion. Assume all taxes are personal taxes and that government spending does not entail shifts in the consumption and investment schedules. The equilibrium GDP will be:

A) $280 billion
B) $290 billion
C) $300 billion
D) $310 billion