Use the Following Information Below to Answer the Following Question(s)

question 46

Multiple Choice

Use the following information below to answer the following question(s) : C = 800 + 0.65YD
I = 750
G = 1500
T = 900
-Refer to the information above. The equilibrium level of GDP for the above economy equals:

• A) 7043.
• B) 10033.
• C) 3013.
• D) 9043.
• E) 5063.

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Definitions:

Trade Barriers

Measures implemented by governments to restrict international trade, often aimed at protecting domestic industries.

Primary Currencies

The most widely used and traded currencies in the global foreign exchange markets, such as the US Dollar, Euro, and Japanese Yen.

Foreign Exchange Market

A global market for trading currencies against one another, determining the exchange rates.

U.S. Dollar

The official currency of the United States, used as a standard monetary unit in international trade.