Given the Equations for C,I,G,and NX Below,what Is the Equilibrium

question 214

Multiple Choice

Given the equations for C,I,G,and NX below,what is the equilibrium level of GDP? C = 1,000 + 0.8Y
I = 1,500
G =1,250
NX = 100

• A)$3,080
• B)$3,850
• C)$6,930
• D)$19,250

---

Definitions:

Clients

Individuals or entities that seek and use the professional services or advice of a company or professional.

Agile Manufacturing

A method of manufacturing which emphasizes flexibility and adaptability to respond rapidly to customer needs and market changes.

Automated Operations

The use of technology to perform tasks or processes automatically, typically involving minimal human intervention.

Task

A piece of work or duty to be undertaken, often characterized by a specific goal or set of requirements.