The Letters Y,C,I_g,X,and M Stand for GDP,consumption,gross Investment,exports,and Imports Respectively

question 137

Multiple Choice

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.
C = 26 + .75Y
I_g = 60
X = 24
M = 10
-The multiplier for the above economy is:

• A) 4.60.
• B) 3.33.
• C) 5.00.
• D) 4.00.

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The set of shared values, traditions, beliefs, laws, and practices that characterizes a country or nation.

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