Refer to the Above Diagram Which Applies to a Private

question 47

Multiple Choice

Refer to the above diagram which applies to a private closed economy.If gross investment is Ig₁, the equilibrium GDP and the level of consumption will be:

• A)H and HB respectively.
• B)J and JI respectively.
• C)J and JK respectively
• D)H and HF respectively.

---

Definitions:

Flash Mob

A large group of people who assemble suddenly in a public place, perform an unusual act for a brief time, then quickly disperse, often organized via telecommunications or social media.

Conglomeration

The process or result of forming a large company or group of companies by merging multiple small ones, often across various industries.

Merger

The legal combination of two companies, usually in order to maximize efficiency and profits by eliminating redundant infrastructure and personnel.

Verizon

A multinational telecommunications company offering wireless products and services.