The Following Table Is for a Particular Country in Which

question 63

Multiple Choice

The following table is for a particular country in which C is consumption expenditures, I_g is gross investment expenditures, G is government expenditures, X is exports, and M is imports.All figures are in billions of dollars.Each question is independent of the other questions. Refer to the above table.If the equilibrium level of real GDP is $43 billion in this country, its level of consumption will be:

• A)$18 billion.
• B)$20 billion.
• C)$22 billion.
• D)$26 billion.

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Definitions:

Word of Mouth

The passing of information from person to person through oral communication, which can have a significant impact on perceptions and behavior.

Trial and Error

A problem-solving method involving repeated, varied attempts which are continued until success, or until the agent stops trying.

Centralization Principle

A management approach where decision-making authority is concentrated in the higher levels of an organization.

Fayol's Centralization

A principle proposed by Henri Fayol that advocates for the concentration of decision-making authority at the top levels of an organization.