The Equations for C, I, G, and Nx Are All

question 33

Multiple Choice

The equations for C, I, G, and Nx are all given below. What is the equilibrium level of GDP? C = 1252 + 0.7*Y
I = 870
G = 927
NX = 388

• A)5232
• B)4910
• C)2022
• D)8870
• E)7283

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Definitions:

Income Sharing Ratios

The proportion of profits or losses distributed among partners in a partnership according to their agreement.

Capital Balances

The amount of capital that remains in a business after all liabilities have been subtracted from assets and capital contributions.

Remaining Capital Balances

The portion of a company's capital that remains after accounting for expenses, withdrawals, and any losses.

Income Ratios

Financial metrics that assess a company's ability to generate profit relative to its revenue, operating costs, or other financial metrics over a specific period.