Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$9000.9$2,500$2,500$1,000Determine equilibrium real GDP for this economy.
A. $69,000
B. $59,000
C. $50,000
D. $60,000
Answer: C
Economics
You might also like to view...
Explain what it means to choose at the margin and illustrate with three choices at the margin that you have made today
What will be an ideal response?
Economics
Refer to the above figure. From the standpoint of society, the optimal output is
A) Q1 B) Q2 C) Q3 D) Q4
Economics
Which of the following did NOT lead to the collapse of Bretton Woods?
A) ample supplies of gold B) collapse of capital controls C) the Vietnam War D) unwillingness to peg to the U.S. dollar
Economics
Real GDP means GDP:
A. valued at prices in a base year. B. that does not change from year to year. C. corrected for changes in quality. D. valued at prices at which goods are actually sold.
Economics