In the Accompanying Table for a Particular Country, C Is

question 97

Multiple Choice

$$\begin{array} { | c | c | c | c | c | c | c | } \hline \text { Price Level } & C & I _ { g } & G & X & M & \text { Real GDP } \\\hline 128 & \$ 18 & \$ 2 & \$ 3 & \$ 1 & \$ 5 & \\\hline 125 & 20 & 4 & 3 & 2 & 4 & \\\hline 122 & 22 & 6 & 3 & 3 & 3 & \\\hline 119 & 24 & 8 & 3 & 4 & 2 & \\\hline 116 & 26 & 10 & 3 & 5 & 1 & \\\hline\end{array}$$ In the accompanying table for a particular country, C is consumption expenditures, $$I _ { g }$$ is gross
Investment expenditures, G is government expenditures, X is exports, and M is imports. All ?gures
Are in billions of dollars. If equilibrium real GDP is $31 billion, the equilibrium price level will be

• A) 128.
• B) 125.
• C) 122.
• D) 119.

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Definitions:

Leases

Contracts in which one party, the lessor, grants the other party, the lessee, the right to use a property, vehicle, or other asset for a specific period in exchange for payment.

Title

A legal term referring to the rightful ownership of property, including rights of possession, use, and transfer.

Identified

Recognized or distinguished as being a particular entity or belonging to a specific category or group.

Contract

An agreement between two or more parties that is binding by law and involves reciprocal obligations.