The Table Shows a Private, Open Economy

question 183

Multiple Choice

The table shows a private, open economy.All figures are in billions of dollars. Refer to the above table.If net exports increased by $10 billion at each level of GDP, the equilibrium real GDP would be:

• A)$550
• B)$600
• C)$650
• D)$700

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Definitions:

Corridor

A method used in pension accounting to amortize certain actuarial gains and losses over time.

Unrecognized Loss

A loss that has occurred but has not yet been reported in the financial statements because it has not been realized through a transaction.

Amortization

A process of spreading out a loan's cost over its lifespan, reducing the value of an intangible asset or debt over a specified period.

Projected Benefit Obligation

An estimate of the total amount of benefits to be paid out to employees in a defined benefit pension plan, based on current and future salary levels.