The Table Shows a Private,open Economy

question 56

Multiple Choice

The table shows a private,open economy.All figures are in billions of dollars.

-Refer to the above table.If the marginal propensity to consume in this economy is 0.8,a $10 increase in its net exports would increase its equilibrium real GDP by:

• A) $25
• B) $50
• C) $100
• D) $200

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Definitions:

D.G.REGINA

Latin for "By the Grace of the Queen," seen on British and Commonwealth coins, symbolizing the monarch's authority.

Justification of Rule

a concept relating to the reasoning or rationale behind the establishment and enforcement of laws or governance structures.

Agricultural Society

A society that is primarily focused on agriculture and farming as the main source of livelihood and economic activity.

Non-Hierarchical Group

A group organized without levels of authority, where all members have equal status and decision-making is often collaborative.