If the Equilibrium Level of GDP in a Private Open

question 86

Multiple Choice

If the equilibrium level of GDP in a private open economy is $1,000 billion and consumption is $700 billion at that level of GDP,then:

• A) saving must be $300 billion.
• B) net exports must be $300 billion.
• C) S + C must equal $300 billion.
• D) I_g + X_n must equal $300 billion.

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Definitions:

Diluted

The process of reducing a solution's concentration by adding more solvent without adding more solute, commonly used in chemistry to achieve desired concentrations.

Weak Acids

Acids that only partially ionize in solution, giving them weaker acidic properties compared to strong acids.

Electrolytes

Minerals in body fluids that carry an electric charge and are essential for the functioning of muscles and nerves.

Acidic

Pertaining to substances that have a pH less than 7, and are capable of donating a proton or hydrogen ion in a chemical reaction.