Given the Equations for C,I,G,and NX Below,what Is the Equilibrium

question 120

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

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Definitions:

Perceptual Mapping

A visual technique used in marketing to display the perceptions of consumers towards a product, brand, or company.

Warranty Program

A service offered by manufacturers or sellers to repair or replace defective products within a certain time period after purchase.

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The understanding or viewpoint of customers regarding products, services, or brands based on their experiences and information.

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