The Table Shows the Consumption Schedule for a Hypothetical Economy

question 88

Multiple Choice

The table shows the consumption schedule for a hypothetical economy.All figures are in billions of dollars. Refer to the above table.If taxes were $5, government purchases of goods and services $10, planned investment $6, and net exports zero, equilibrium real GDP would be:

• A)$600
• B)$610
• C)$620
• D)$630

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Definitions:

Coding Scheme

A systematic way of classifying or categorizing units of analysis.

Classification System

A system for organizing data or items into categories based on predefined criteria to facilitate understanding and analysis.

Sampled Unit

A specific element or set of elements selected from a larger population for the purpose of analysis or experimentation.

Content Analysis

A research method for studying documents and communication artifacts, which involves coding and analyzing texts or images.