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:

Equivalent Interest Rate

A rate that reflects the actual annual cost of a loan or the earnings on an investment, taking into account the effect of compounding.

False Consensus Effect

A psychological bias where individuals believe their own viewpoints, actions, and behaviors are more common in the general population than they actually are.

Actors

Individuals who perform in stage plays, movies, television shows, or other productions, portraying characters.

Observers

Individuals who watch or notice something without directly participating in the action.