Suppose Output Is $440 Billion,government Purchases Are $40 Billion,desired Consumption

question 34

Multiple Choice

Suppose output is $440 billion,government purchases are $40 billion,desired consumption is $320 billion,and net exports are $35 billion.Then desired investment equals

• A)$20 billion.
• B)$30 billion.
• C)$35 billion.
• D)$45 billion.

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Definitions:

Communist Party

A political party advocating for the principles of communism, including the abolition of private property and the establishment of a society in which all goods are commonly owned.

New Deal

A collection of initiatives, including public infrastructure projects, economic reforms, and regulatory measures, introduced by President Franklin D. Roosevelt in the US during the 1930s as a reaction to the Great Depression.

Populist Challengers

Political actors or movements that claim to represent the common people, often against the elite or established institutions.

Huey Long

An American politician who served as the 40th Governor of Louisiana from 1928 to 1932 and as a U.S. Senator from 1932 until his assassination in 1935, known for his populist policies.