Use the following to answer questions .
Exhibit: Consumption and Real GDP
-(Exhibit: Consumption and Real GDP) If real GDP were $12 trillion, consumption equals
A) 5 trillion.
B) 7 trillion.
C) 9 trillion.
D) 11 trillion.

Question

Use the following to answer questions .
Exhibit: Consumption and Real GDP 
-(Exhibit: Consumption and Real GDP) If real GDP were $12 trillion, consumption equals
A) 5 trillion. 
B) 7 trillion. 
C) 9 trillion. 
D) 11 trillion.

Quizplus · Accepted Answer

Looking at the exhibit, we can see that consumption is around 60% of real GDP. Therefore, if real GDP were $12 trillion, consumption would be approximately 60% of $12 trillion, or $7 trillion.

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