The Following Information Is for a Closed Economy Refer to the Information

question 79

Multiple Choice

The following information is for a closed economy: $\begin{array}{c}\begin{array}{c}\underline{\text { GDP }} \\\$ 100 \\200 \\300 \\400 \\500 \\600 \\700\end{array}\begin{array}{c}\underline{\text { C }}\\ \$ 100 \\160 \\220 \\280 \\340 \\400 \\460 \end{array}\begin{array}{c}\underline{\text { S}} \\\$ 0 \\40 \\80 \\120 \\160 \\200 \\240 \end{array}\begin{array}{c}I_{g} \\\hline \$ 80 \\80 \\80 \\80 \\80 \\80 \\80 \end{array}\end{array}$
Refer to the information.If both government spending and taxes are zero,the equilibrium level of GDP is:

• A) $200.
• B) $300.
• C) $400.
• D) $500.

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Definitions:

Origins Of Prejudice

The foundational aspects and factors that contribute to the development of prejudicial attitudes and beliefs towards others.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of the same sex.

Controversy

Controversy involves prolonged public disagreement or heated discussion, often involving complex issues with differing opinions.