Given the Equations for C, I, G, and NX Below

question 64

Multiple Choice

Given the equations for C, I, G, and NX below, what is the equilibrium level of GDP? C = 2,000 + 0.9Y
I = 2,500
G = 3,000
NX = 400

• A)$4,333
• B)$7,100
• C)$8,778
• D)$79,000
• E)$85,000

---

Definitions:

Common Misconceptions

Widely held but incorrect beliefs or ideas.

Successful Team Presentations

Group presentations that effectively communicate the intended message, achieve the desired impact on the audience, and demonstrate cohesive teamwork.

Handling Questions

The technique of effectively responding to queries posed by others in various contexts, such as interviews or presentations.

Characteristics

Attributes or features that describe and distinguish a person, object, or concept.