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The Letters Y,C,Ig,X,and M Stand for GDP,consumption,gross Investment,exports,and Imports Respectively

Question 165

Multiple Choice

The letters Y,C,Ig,X,and M stand for GDP,consumption,gross investment,exports,and imports respectively.Figures are in billions of dollars.
C = 26 + .75Y
Ig = 60
X = 24
M = 10
-The equilibrium level of GDP for the above open economy is:


A) $390
B) $375
C) $320
D) $400

Correct Answer:

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