The Accompanying Schedule Contains Data for a Private Closed Economy

question 48

Multiple Choice

$$\begin{array} { | c | c | } \hline G D P & C \\\hline \$ 140 & \$ 150 \\\hline 180 & 180 \\\hline 220 & 210 \\\hline 260 & 240 \\\hline 300 & 270 \\\hline\end{array}$$ The accompanying schedule contains data for a private closed economy. All ?gures are in billions. If gross investment is $10 at all levels of GDP, the equilibrium GDP will be

• A) $300.
• B) $260.
• C) $220.
• D) $180.

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Definitions:

Federal Government

The national government of a federated state, which holds the authority over the entire nation and is responsible for areas such as defense, foreign policy, and interstate commerce.

Enormous Institution

A large and significant organization or establishment, often influential in its field or society at large.

Government Action

Measures or interventions undertaken by a government to address issues, implement policies, or affect societal conditions.

Liberty

is a fundamental principle referring to the freedom of individuals to act and express themselves freely, so long as they do not infringe on the rights of others.