Output and Consumption (in millions of dollars)   Real GDP (Y) 32 Consumption (C) 25 Gross Investment (I) 9 Government Purchases (G) 6 Net Exports (NX) -8   What is the equilibrium level of ouput?   Multiple Choice   $25 million   $7 million   $32 million   $64 million

A. Which expenditure category do each of the following items count in?  Group of answer choices - (consumption, none, government spending, investment, net exports) you spend your tax refund on a new car built in America?                 the government builds a new school? you sell a used textbook to your friend? Company X buys solar panels built in China?   B.Which of the following is an example of a durable good? Group of answer choices gasoline a television an ice cream cone a pair of socks

! Pub The population of country X is 1,000 people. Here are the expenditures for country X for one year. Consumption Expenditures $500,000 Investment Expenditures Government Expenditures $400,000 $150,000 Imports $50,000 24. What is the GDP of country X? 25. What is the per capita GDP of Country X? 26. The city of Detroit has high unemployment. The automobile industry in Detroit has suffered from global competition and has moved much of the remaining production out of Detroit. The population of the city has fallen from a high of 1,850,000 in 1950 to 701,000 in 2013. Some of the highest crime rates in the United States are now those of Detroit, and huge areas of the city are in a state of severe urban decay. The police force and fire service do not have enough money to pay for staff and equipment such as fully operational vehicles. In 2013, Detroit filed the largest municipal bankruptcy case in U.S. history. How does unemployment affect the income of city? Describe how unemployment…

If Government Spending (G) is 200 million, Tax Revenue (T) is $260 million \$2 Consumption is $300 million, and GDP (Y) is 780 million. Public saving is