-In the Above Table, There Are No Taxes and No

question 381

Multiple Choice

-In the above table, there are no taxes and no imports or exports. Suppose that investment increases from $500 to $750 at each level of real GDP. After the increase, what is the level of planned expenditure when real GDP equals $5,000?

• A) $5,000
• B) $5,250
• C) $1,000
• D) $250

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Definitions:

Range of Output

The spectrum or variety of product quantities that a production process or industry can produce, from minimum to maximum.

Mixers

Electronic or mechanical devices used to combine, blend, or process ingredients or substances in various industries, or an event primarily intended to encourage socializing.

Average Total Cost

The total cost of producing a certain amount of a good, divided by the quantity of the good produced.

Mixers

In economics, mixers could refer to investments or strategies combining different types of assets or market instruments to achieve diversity, though the term is more commonly associated with devices that blend or mix substances.