Complete the Following Table and Answer the Question on the Basis

question 142

Multiple Choice

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

• A) $300 and 2.5.
• B) $450 and 5.
• C) $400 and 4.
• D) $400 and 5.

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Definitions:

Understanding Uncertainty

The process of recognizing and rationalizing the unknown elements in decision-making scenarios.

Objective

A goal or aim that an individual or organization strives to achieve.

Subjective

Based on or influenced by personal feelings, tastes, or opinions, rather than external facts or evidence.

Accelerated Pace

Refers to an increased speed or rate at which activities or developments occur.