If the Equilibrium Level of GDP in a Private Open

question 156

Multiple Choice

If the equilibrium level of GDP in a private open economy is $1000 billion and consumption is $700 billion at that level of GDP, then:

• A)unplanned investment must be occurring.
• B)net exports must be $300 billion.
• C)S + C must equal $300 billion.
• D)I_g + X_n must equal $300 billion.