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

question 7

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
-Refer to the above information.If government desired to raise the equilibrium GDP to $650,it could:

• A) raise G by $45 and reduce T by $10.
• B) raise G by $40 and reduce T by $30.
• C) raise G by $30 or reduce T by $40.
• D) raise both G and T by $40.

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