Complete the Following Table and Answer the Next Question(s)on the Basis

question 34

Multiple Choice

Complete the following table and answer the next question(s) on the basis of the resulting data.All figures are in billions of dollars.

-Refer to the above table.For the open economy the equilibrium GDP and the multiplier will be:

• A) $300 and 2.5.
• B) $450 and 5.
• C) $400 and 4.
• D) $400 and 5.

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Definitions:

Tax Return

A form or forms filed with a government body reporting income, expenses, and other pertinent tax information, used to calculate tax liability.

Financial Statements

Formal records of the financial activities and condition of a business, person, or other entity, typically including a balance sheet, income statement, and cash flow statement.

Plant Assets

Long-term tangible assets used in the operation of a business and not expected to be consumed or converted into cash in the short term.

Depreciated

The decrease in the value of an asset over time due to wear and tear, age, or obsolescence, typically accounted for on financial statements through depreciation expense.