(Advanced Analysis)Answer the Question on the Basis of the Following $\begin{array} { l } C = 40 + 0.8 Y \\t _ { g } = \overline { I _ { g } } = 40 \\X = \bar { X } = 20 \\M = \bar { M } = 30\end{array}$

question 73

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following information for a private open economy.The letters Y,C,I_g,X,and M stand for GDP,consumption,gross investment,exports,and imports respectively.Figures are in billions of dollars. $\begin{array} { l } C = 40 + 0.8 Y \\t _ { g } = \overline { I _ { g } } = 40 \\X = \bar { X } = 20 \\M = \bar { M } = 30\end{array}$ Refer to the information.International trade in this case:

• A) has an expansionary effect on GDP.
• B) has a contractionary effect on GDP.
• C) has no effect on GDP.
• D) is causing inflation in this economy.

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Definitions:

Histogram

A graphical representation of the distribution of numerical data, where the data is divided into bins or intervals, and the frequency of data within each bin is depicted by bars.

Dotplot

A simple graphical display used to compare frequency counts within categories or groups.

Statistical Inference

The process of drawing conclusions about a population's characteristics based on a sample drawn from that population.

Biology Majors

Students who specialize in the study of living organisms, covering topics such as zoology, botany, ecology, and genetics.