If the Equilibrium Level of GDP in a Private Open

question 156

Multiple Choice

If the equilibrium level of GDP in a private open economy is $1000 billion and consumption is $700 billion at that level of GDP, then:

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

---

Definitions:

Reflects Trust

Indicates the presence of confidence in the reliability, truth, or ability of someone or something, often established over time through consistent actions.

Critical Information

Critical information is essential or highly important data that can significantly impact decisions, actions, or outcomes in a given context, necessitating careful handling and protection.

Transformational Model

A leadership approach that creates significant change in the life of people and organizations by transforming followers’ beliefs, values, and attitudes.

Inspirational Motivation

The capability of leaders to inspire or motivate others towards achieving a vision or set of goals by providing meaning and challenge to their work.