The Letters Y, C, I_g, X, and M Stand for GDP

question 144

Multiple Choice

The letters Y, C, I_g, X, and M stand for GDP, consumption, gross investment, exports, and imports respectively.Figures are in billions of dollars.Ca = 25.75(Y - T ) Ig = Ig0 = 50
Xn = Xn0 = 10
G = G0 = 70
T = T0 = 30
Refer to the above information.If government desired to raise the equilibrium GDP to $650, it could:

• A)raise G by $45 and reduce T by $10.
• B)raise G by $40 and reduce T by $30.
• C)raise G by $30 or reduce T by $40.
• D)raise both G and T by $40.

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Definitions:

Longitudinal

Relating to research that involves repeated observations of the same variables over short or long periods of time.

Evidence

Information or facts presented in support of an assertion, argument, or as proof of the truth of a statement.

Difficult Temperament

A behavioral consistency in individuals marked by high reactivity and a challenge in adaption to new situations.

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A type of study or analysis that examines data from a population at a single point in time.