Complete the Following Table and Answer the Question on the Basis

question 98

Multiple Choice

Complete the following table and answer the question on the basis of the resulting data.All figures are in billions of dollars. $\begin{array}{cccccc}\begin{array}{c}\text { Domestic } \\\text { Output } \\\underline{\text { (GDP = DI) }}\end{array} & \begin{array}{c}\text { Aggregate } \\\text { Expenditures, } \\\underline{\text { Closed Economy }}\end{array} & \begin{array}{c}\\\\\underline{\text { Exports }}\end{array} & \begin{array}{c}\\\\\underline{\text { Imports }}\end{array} & \begin{array}{c}\\\text { Net } \\\underline{\text { Exports }}\end{array} & \begin{array}{c}\text { Aggregate } \\\text { Expenditures, } \\\underline{\text { Open Economy }}\end{array} \\ \$ 200 & \$ 230 & \$ 30 & \$ 20 & \$- & \$- \\250 & 270 & 30 & 20 & -&- \\300 & 310 & 30 & 20 & - & - \\350 & 350 & 30 & 20 & - & - \\400 & 390 & 30 & 20 & - & - \\450 & 430 & 30 & 20 & - & - \\500 & 470 & 30 & 20 & - & -\end{array}$ If the economy was closed to international trade,the equilibrium GDP and the multiplier would be:

• A) $300 and 5.
• B) $350 and 4.
• C) $400 and 4.
• D) $350 and 5.

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Definitions:

Accounts Receivable

Debts owed by clients to a corporation for items or services that have been supplied but are still unpaid.

Fees Earned

Revenue generated from professional services provided, often used in accounting for law firms, consulting businesses, and other service providers.

Cash

Money in the form of bills or coins, immediately available for transactions or expenditure.

Accounts Receivable

Accounts receivable from clients for merchandise or services supplied but payment not received.