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The following equations describe an economy: C = 750 + 0.75Yd 1 = 350 G = 700 X = 450 IM = 0.1Y T =

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The following equations describe an economy: C = 750 + 0.75Yd 1 = 350 G = 700 X = 450 IM = 0.1Y T = 0.2Y Equilibrium GDP (Y) equals O a) 9,000 b) 2,250 O c) 750 O d) 4,500

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