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The table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton.     Real​ GDP, Y ​(billions of 2012​ dollars) Consumption​ expenditure, C ​(billions of 2012​ dollars)   ​Investment, I ​(billions of 2012​ dollars) Government​ expenditure, G ​(billions of 2012​ dollars) 100 150 150 100 200 200 150 100 300 250 150 100 400 300 150 100 500 350 150 100 600 400 150 100 700 450 150 100 800 500 150 100 900 550 150 100   The equilibrium level of real GDP is   A. ​$600 billion.   B. ​$800 billion.   C. ​$400 billion.   D. ​$500 billion.   E. ​$700 billion.

The table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton.     Real​ GDP, Y ​(billions of 2012​ dollars) Consumption​ expenditure, C ​(billions of 2012​ dollars)   ​Investment, I ​(billions of 2012​ dollars) Government​ expenditure, G ​(billions of 2012​ dollars) 100 150 150 100 200 200 150 100 300 250 150 100 400 300 150 100 500 350 150 100 600 400 150 100 700 450 150 100 800 500 150 100 900 550 150 100   The equilibrium level of real GDP is   A. ​$600 billion.   B. ​$800 billion.   C. ​$400 billion.   D. ​$500 billion.   E. ​$700 billion.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton.
 
 
Real​ GDP, Y
​(billions of
2012​ dollars)
Consumption​ expenditure, C
​(billions of
2012​ dollars)
 
​Investment, I
​(billions of
2012​ dollars)
Government​ expenditure, G
​(billions of
2012​ dollars)
100
150
150
100
200
200
150
100
300
250
150
100
400
300
150
100
500
350
150
100
600
400
150
100
700
450
150
100
800
500
150
100
900
550
150
100
 
The equilibrium level of real GDP is
 
A.
​$600 billion.
 
B.
​$800 billion.
 
C.
​$400 billion.
 
D.
​$500 billion.
 
E.
​$700 billion.
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