The Following Question Are Based on the Following Diagram Showing

question 58

Multiple Choice

The following question are based on the following diagram showing the equilibrium level of GDP. Exports are currently $60 billion and imports are $40 billion.

-If in the preceding question the multiplier is 3,the new level of GDP will be ________ billion.

• A) $545
• B) $515
• C) $485
• D) $470
• E) $455

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Definitions:

Procedures

Established methods or ways of doing something, often detailed and written down, especially in the context of business operations or professional practices.

Collective Efficacy

A group's shared belief in its conjoint capabilities to organize and execute the courses of action required to produce given levels of attainments.

Group's Shared Perception

The common understanding or viewpoint held by members of a group about a situation, idea, or each other.

Specific Tasks

Particular and defined pieces of work or duties assigned to someone as part of a job or course of study.