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

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Definitions:

Faint

A sudden and brief loss of consciousness, often due to a decrease in blood flow to the brain.

Phobias

Persistent, irrational fears of specific objects, activities, or situations that lead to a desire to avoid them.

Persistent

Enduring over a prolonged period; continuing to exist or occur, especially in spite of difficulty or opposition.

Irrational Fear

An excessive or unreasonable fear response to a particular object, situation, or activity that poses little to no actual danger.