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

question 178

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.The multiplier for this economy:

• A) is 4.
• B) is 3.
• C) is 2.
• D) is 2.33.

---

Definitions:

High Blood Pressure

A condition in which the force of the blood against the artery walls is too high, often leading to health problems.

General Adaptation Syndrome

A three-phase response pattern to stress identified by Hans Selye, including alarm, resistance, and exhaustion stages.

Mortgage Statement

A document provided by a mortgage lender detailing the payments, interest, and balance on a mortgage.

Historical Racism

Refers to the systemic and institutionalized racial discrimination and prejudice that has occurred throughout history.