The Table Given Below Reports the Value of Real GDP

question 24

Multiple Choice

The table given below reports the value of real GDP and its components consumption (C) , investment (I) , exports, and imports for two consecutive years.
Table 10.3
$\begin{array}{l}\begin{array}{|c|c|c|c|c|c|}\hline & \text { Equilibrium } & & & & \\\hline & \text { Real GDP } & \text { C } & \text { I } & \text { Exports } & \text { Imports } \\\hline \text { Year 1 } & \$ 9,350 & \$ 7,500 & \$ 1,350 & \$ 1,800 & - \\\hline \text { Year 2 } & \$ 11,450 & \$ 8,900 & - & \$ 2,350 & \$ 1,600 \\\hline\end{array}\\\text { Assume that government spending is zero for this economy. }\end{array}$
-Refer to Table 10.3. To increase equilibrium real GDP in an open economy to $12,000 in year 3, all else equal to that in year 2, investment would have to increase by:

• A) $258.
• B) $550.
• C) $2,262.
• D) $1,100.
• E) $1,155.

---

Definitions:

Mid-1960s

A period in the 20th century, generally considered to fall between the early and late 1960s, marked by significant cultural, political, and social change.

Antifeminist Men's Groups

Organizations or collectives of men who oppose feminism and efforts to achieve gender equality, often advocating for what they perceive as men's rights.

Traditional Male Privilege

The societal advantages that benefit males solely on the basis of their gender, often unrecognized and considered normal.

Body Dissatisfaction

A negative perception of one's own body image, often leading to emotional distress or unhealthy behaviors.