The Above Table Contains Information About the Nation of Syldavia

question 9

Multiple Choice

$\begin{array}{rccc}\hline &\text { Consumption }&&\text { Government }\\\text { Real GDP, } Y &\text { expenditure, } C& \text { Investment, } I& \text { expenditure, } G\\\text { (billions of } & \text { (billions of } & \text { (billions of } & \text { (billions of } \\\text { 2005 dollars) } & \text { 2005 dollars) } & \text { 2005 dollars) } & \text { 2005 dollars) }\\\hline15 & 6 & 5 & 5 \\20 & 10 & 5 & 5 \\25 & 14 & 5 & 5 \\30 & 18 & 5 & 5 \\35 & 22 & 5 & 5\\\hline\end{array}$
The above table contains information about the nation of Syldavia.
-There are no income taxes or imports in this nation. The equilibrium expenditure is

• A)$15 billion.
• B)$25 billion.
• C)$30 billion.
• D)$10 billion.
• E)$20 billion.

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Definitions:

Initial Allocation

The distribution of resources or goods at the start of a process or period.

Shaded Area

A graphical representation used in economics and statistics to illustrate various economic concepts, such as surplus, deficit, and areas under a curve.

Partial Equilibrium Analysis

An economic analysis approach focusing on the equilibrium of a single market or sector without considering the interactions with other markets.

General Equilibrium

A state in an economy where supply and demand are balanced across all markets simultaneously, leading to an allocation of resources that is optimal under given conditions.