Answer the question on the basis of the following table for a particular country in which C is consumption expenditures, Ig is gross investment expenditures, G is government expenditures, X is exports, and M is imports. All figures are in billions of dollars. Each question is independent of other question using the same table, unless otherwise stated. Price Level 128 125 122 119 116 minus $2 billion. minus $4 billion. $2 billion. с $18 $20 $22 $24 $26 zero Ig $2 $4 $6 $8 $10 G $3 $3 $3 $3 $3 Refer to the table. If this nation's equilibrium price level is 125, its net exports will be: X $1 $2 $3 $4 $5 M $5 $4 $3 $2 $1 Real GDP
Answer the question on the basis of the following table for a particular country in which C is consumption expenditures, Ig is gross investment expenditures, G is government expenditures, X is exports, and M is imports. All figures are in billions of dollars. Each question is independent of other question using the same table, unless otherwise stated. Price Level 128 125 122 119 116 minus $2 billion. minus $4 billion. $2 billion. с $18 $20 $22 $24 $26 zero Ig $2 $4 $6 $8 $10 G $3 $3 $3 $3 $3 Refer to the table. If this nation's equilibrium price level is 125, its net exports will be: X $1 $2 $3 $4 $5 M $5 $4 $3 $2 $1 Real GDP
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Answer the question on the basis of the following table for a particular country in which C is
consumption expenditures, Ig is gross investment expenditures, G is government expenditures, X is
exports, and M is imports. All figures are in billions of dollars. Each question is independent of other
question using the same table, unless otherwise stated.
Price Level
128
125
122
119
116
minus $2 billion.
minus $4 billion.
$2 billion.
с
$18
$20
$22
$24
$26
zero
Ig
$2
$4
$6
$8
$10
G
$3
$3
$3
$3
$3
Refer to the table. If this nation's equilibrium price level is 125, its net exports will be:
X
$1
$2
$3
$4
$5
M
$5
$4
$3
$2
$1
Real GDP
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