Table 101 (All Values Are in Billions of Dollars)
-Refer to Table

question 38

Multiple Choice

Table 10.1
$$\begin{array} { | l | l | } \hline \text { Consurmpticn } & C = \$ 1.0 + 0.75 \mathrm { YD } \\\hline \text { Irvestmernt } & = \$ 1.9 \\\hline \text { Goverument purchases } & = \$ 2 \\\hline \text { Net exports } & = - \$ 0.5 \\\hline \text { Taxes } & = \$ 0 \\\hline \text { Goverument trarssfer } & \\\text { gayments } & = \$ 0\end{array}$$
(all values are in billions of dollars)
-Refer to Table 10.1.Equilibrium real GDP for this economy is equal to

• A) $5.75 billion.
• B) $12 billion.
• C) $17.6 billion.
• D) $46 billion.

---

Definitions:

Producing Automobiles

The process of manufacturing cars, which involves assembling various components like engines, frames, and electronics.

Productivity

A measure of the efficiency of production, often calculated by dividing total output by the total inputs used in the production process.

Demand

The amount of a good or service that buyers are ready and capable of buying at different price levels over a given time frame.

Human Capital

The expertise, know-how, and practical experiences that a person or collective maintains, regarded in relation to their financial or worth importance to a business or country.