Refer to the above table. If net exports increased by $10 billion at each level of GDP, the equilibrium real GDP would be:





The table shows a private open economy. All figures are in billions of dollars.

A.  Not determinate in the table

B.  $610

C.  $650

D.  $700


C.  $650

Economics

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Relative to a monopolist charging a single price to all consumers, price discrimination ________ total economic surplus.

A. sometimes increases and sometimes decreases B. decreases C. has no effect on D. increases

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A price above equilibrium always yields a surplus.

Answer the following statement true (T) or false (F)

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An economic slow-down would cause the labor:

A. supply curve to shift left. B. supply curve to shift right. C. demand curve to shift left. D. demand curve to shift right.

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A major source of funding of R&D in large, established corporations is:

A. venture capital. B. dividends. C. mutual funds. D. retained earnings.

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