The Table Above Gives Data for the Nation of Pearl

question 97

Multiple Choice

$\begin{array} { c c c c } \hline \begin{array} { c } \text { Price level } \\\text { (GDP deflator) }\end{array} & \begin{array} { c } \text { Potential GDP } \\\text { (billions of 2005 dollars) }\end{array} & \begin{array} { c } \text { Real GDP supplied } \\\text { (billions of 2005 dollars) }\end{array} & \begin{array} { c } \text { Real GDP demanded } \\\text { (billions of 2005 dollars) }\end{array} \\\hline 150 & 25 & 34 & 16 \\140 & 25 & 31 & 19 \\130 & 25 & 28 & 22 \\120 & 25 & 25 & 25 \\110 & 25 & 23 & 28 \\\hline\end{array}$
The table above gives data for the nation of Pearl, a small island in the South Pacific.
- If aggregate demand increases so that the quantity of real GDP demanded is $6 billion more at each price level, the new equilibrium real GDP is

• A)$34 billion.
• B)$25 billion.
• C)$31 billion.
• D)$28 billion.
• E)$23 billion.

---

Definitions:

Scholarly Articles

Scholarly articles are academic publications that present original research, findings, or theoretical discussions, typically peer-reviewed or refereed to ensure their quality and credibility.

Questionnaire

A research instrument consisting of a series of questions for the purpose of gathering information from respondents.

Psychological Test

A standardized instrument designed to measure aspects of an individual's mental abilities, behaviors, or personality.

Independent Variable

The factor in an experiment that is altered or adjusted by the experimenter to study its influence on the outcome variable.