Answer the question on the basis of the following table for a particular
country in which 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 с la
$18
20
22
6
24 8
26 10
128
125
122
119
116
$26 billion.
O $22 billion.
X
$2 $3 $1
4
3
2
Refer to the table. If the equilibrium level of real GDP is $43 billion, its level
of consumption will be:
$24 billion.
$20 billion.
3
M Real GDP
$5
4