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The Table Shows a Private Closed Economy

Question 31

Multiple Choice

The table shows a private closed economy. All figures are in billions of dollars. The table shows a private closed economy. All figures are in billions of dollars.   Refer to the table above. If the real rate of interest is 2%, then the equilibrium level of GDP will be: A)  $800 billion B)  $1000 billion C)  $1200 billion D)  $1400 billion Refer to the table above. If the real rate of interest is 2%, then the equilibrium level of GDP will be:


A) $800 billion
B) $1000 billion
C) $1200 billion
D) $1400 billion

Correct Answer:

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