Refer to the Table Below That Shows the Data of a Country

question 34

Multiple Choice

Refer to the table below that shows the data of a country. The table given above 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 the figures are in billions of dollars.If the country's aggregate supply curve is a vertical line at the $25 billion level of real GDP, the price level will be:

• A)128.
• B)125.
• C)122.
• D)119.

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Definitions:

Money Supply

The entire stock of money assets in an economy at a specified period.

Velocity of Money

The rate at which money is exchanged in an economy and is used to measure the activity level of economic transactions.

Nominal Gross Domestic Product

The total market value of all finished goods and services produced within a country's borders in a specific time period, evaluated at current market prices without adjusting for inflation.

Real Gross Domestic Product

The measure of the value of economic output adjusted for price changes (inflation or deflation).