The Letters Y, C_a, I_g, X_n, G, and T Stand

question 94

Multiple Choice

The letters Y, C_a, I_g, X_n, G, and T stand for GDP, consumption, gross investment, net exports, government purchases, and net taxes respectively.Figures are in billions of dollars.C_a = 25 + .75(Y - T ) I_g = I_g0 = 50
X_n = X_n0 = 10
G = G₀ = 70
T = T₀ = 30
Refer to the above information.The equilibrium level of GDP for this economy is:

• A)$600
• B)$530
• C)$415
• D)$400

---

Definitions:

Technological Research

The systematic investigation and study of materials, sources, and systems to develop new technologies or enhance existing ones for societal benefit.

Military Considerations

Factors or aspects related to the armed forces and defense strategies that influence decisions, planning, and policies.

Profit Making

Refers to the process of generating financial gain or earnings from business activities or investments.

Environmental Side Effect

Unintended consequences or impacts on the environment resulting from human activities or industrial operations.