Answer the Question on the Basis of the Following Table

question 77

Multiple Choice

Answer the question on the basis of the following table for a particular country in which C is consumption expenditures,I_g is gross investment expenditures,G is government expenditures,X is exports,and M is imports.All figures are in billions of dollars.Each question is independent of other question using the same table,unless otherwise stated. $\begin{array}{c}\begin{array}{c}\underline{\text {Price Level}}\\128 \\125 \\122 \\119 \\116\end{array}\begin{array}{c}\underline{\text {C}} \\ \$ 18 \\20 \\22 \\24 \\26\end{array}\begin{array}{c}\underline{\mathrm{I}_{\mathrm{g}} }\\ \$ 2 \\4 \\6 \\8 \\10\end{array}\begin{array}{c}\underline{\text {G }}\\ \$ 3 \\3 \\3 \\3 \\3\end{array}\begin{array}{c}\underline{\text {X }}\\\$ 1 \\2 \\3 \\4 \\5\end{array}\begin{array}{c}\underline{\text {M}} \\ \$ 5 \\4 \\3 \\2 \\1\end{array}\begin{array}{c}\underline{\text {Real GDP}} \\ \\\\\\ \\\\\end{array}\end{array}$
Refer to the table.If the amounts of GDP supplied at the price levels shown (in descending order) are $45,$43,$40,$37,and $31,the equilibrium level of real GDP will be:

• A) $37 billion.
• B) $35 billion.
• C) $26 billion.
• D) $43 billion.

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Definitions:

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A former federal socialist state in Northern Eurasia that existed from 1922 to 1991, composed of multiple Soviet republics.

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Regulations that set specific benchmarks for the composition or performance of fuels used in vehicles to reduce environmental impact.

Federal Tax

Taxes imposed by the federal government on income, property, and goods and services, used to fund public services and government operations.

Public Policy

Public Policy refers to the system of laws, regulatory measures, courses of action, and funding priorities concerning a given topic promulgated by a governmental entity or its representatives.