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-Refer to the Above Diagram Which Applies to a Private

Question 116

Multiple Choice

-Refer to the above diagram which applies to a private closed economy. If gross investment is I<sub>g1</sub>, the equilibrium GDP and the level of consumption will be: A) H and HB respectively. B) J and JI respectively. C) J and JK respectively D) H and HF respectively.
-Refer to the above diagram which applies to a private closed economy. If gross investment is Ig1, the equilibrium GDP and the level of consumption will be:


A) H and HB respectively.
B) J and JI respectively.
C) J and JK respectively
D) H and HF respectively.

Correct Answer:

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