Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Refer to the following table
National Consumption Investment Government Net
income spending
spending
spending
exports
260
260
280
270
225
25
10
5
25
10
5
300
280
25
10
320
290
25
10
LQ
LQ
5
340
300
25
10
5
360
310
25
10
5
LQ
LO
What is the equilibrium Y?
a. 260
b. 280
c. 300
d. 320
cross out
cross out
cross out
cross out
e. 340
cross out
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