The Following Question Are Based on the Following Diagram Showing

question 75

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 exports rise to $65 billion and imports rise to $50 billion,the C + I + G + (X - M₁) line moves ________ billion.

• A) up by $5
• B) up by $15
• C) down by $15
• D) down by $10
• E) down by $5

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Definitions:

Percent Confident

A statistical measure that quantifies the level of confidence in the likelihood of an event or outcome.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, themselves, and other humans.

Systematic Mistake

Refers to consistent, predictable errors made by individuals or systems due to flaws in the decision process or design.

Consumer Reports

Independent evaluations and reviews of consumer products and services.