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The Table Given Below Shows the Levels of National Income

Question 57

Multiple Choice

The table given below shows the levels of national income (Y) and the corresponding levels of saving (S) , investment (I) , export (X) , and import (M) of an open economy.
Table 10.2
YSIGXM$935−$250$320$40$170$100$2,100$0$320$140$170$130$3,320$250$320$200$200$350$4,800$375$320$240$230$415$5,230$650$320$320$250$590$6,300$825$320$340$270$610 Taxes equal zero \begin{array}{l}\begin{array}{|c|c|c|c|c|c|}\hline \boldsymbol{Y} & \boldsymbol{S} & \boldsymbol{I} & \boldsymbol{G} & \boldsymbol{X} & \boldsymbol{M} \\\hline \$ 935 & -\$ 250 & \$ 320 & \$ 40 & \$ 170 & \$ 100 \\\$ 2,100 & \$ 0 & \$ 320 & \$ 140 & \$ 170 & \$ 130 \\\$ 3,320 & \$ 250 & \$ 320 & \$ 200 & \$ 200 & \$ 350 \\\$ 4,800 & \$ 375 & \$ 320 & \$ 240 & \$ 230 & \$ 415 \\\$ 5,230 & \$ 650 & \$ 320 & \$ 320 & \$ 250 & \$ 590 \\\$ 6,300 & \$ 825 & \$ 320 & \$ 340 & \$ 270 & \$ 610 \\\hline\end{array}\\\text { Taxes equal zero }\end{array}
-Consider the economy described in Table 10.2. Calculate the level of consumption spending when the economy is in equilibrium.


A) $4,425
B) $4,010
C) $4,050
D) $5,175
E) $4,800

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