The Table Shows a Private, Open Economy

question 22

Multiple Choice

The table shows a private, open economy.All figures are in billions of dollars. Refer to the above table.The equilibrium real GDP is:

• A)$550
• B)$600
• C)$650
• D)$700

---

Definitions:

Philosophy

The study of the fundamental nature of knowledge, reality, and existence, often considered a branch of the humanities.

Taxonomy

The scientific practice of classifying organisms into ordered systems, such as kingdoms, phyla, and species, based on their natural relationships.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Pseudoscience

A claim, argument, or method that is presented as if it were scientific, but is not.