The Following Table Is for a Particular Country in Which

question 117

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 aggregate supply schedule intersects the aggregate demand at price level 119 in this country, its equilibrium level of real GDP will be:

• A)$37 billion.
• B)$35 billion.
• C)$26 billion.
• D)$43 billion.

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