The Following Question Are Based on the Following Consumption Function

question 63

Multiple Choice

The following question are based on the following consumption function for a hypothetical economy. Assume autonomous intended investment is $200 billion and there are no government expenditures, exports, or imports.

-The current equilibrium level of GDP is ________ billion.

• A) $2,000
• B) $2,100
• C) $2,200
• D) $2,300
• E) $2,400

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Definitions:

Bipolar

A psychiatric disorder characterized by significant mood swings, including periods of depression and periods of mania or elevated mood.

Constructs

Psychological concepts or categories used to understand and interpret the world, often unique to each individual, as proposed by George Kelly.

Construct Systems

Theoretical frameworks used to understand and predict how people perceive, interpret, and interact with the world around them.

Kelly's Personal Construct Theory

A psychological theory proposing that individuals interpret the world and construct their own realities using personal constructs.