The Table Given Below States the Value of the GDP

The table given below states the value of the GDP and the different components of aggregate expenditure for two years.
Table 10.1
$\begin{array}{|c|c|c|c|c|c|c|}\hline & \text { GDP } & \boldsymbol{C} & \boldsymbol{I} & \mathbf{G} & \text { Export } & \text { Import } \\\hline \text { Year 1 } & - & \$ 750 & \$ 110 & \$ 60 & \$ 70 & \$ 50 \\\hline \text { Year 2 } & \$ 1,150 & \$ 930 & \$ 90 & \$ 75 & \$ 125 & - \\\hline\end{array}$
-Refer to Table 10.1. What would be the new equilibrium level of real GDP in year 2 if net exports equaled zero?

A) $1,205
B) $1,095
C) $1,050
D) $1,170
E) $1,120

Correct Answer:

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