Refer to the diagram for a private closed economy. At the $300 level of GDP,
A) aggregate expenditures and GDP are equal.
B) consumption is $200 and planned investment is $50.
C) saving exceeds planned investment.
D) consumption plus saving is $400.

Question

Refer to the diagram for a private closed economy. At the $300 level of GDP,
A) aggregate expenditures and GDP are equal. 
B) consumption is $200 and planned investment is $50. 
C) saving exceeds planned investment. 
D) consumption plus saving is $400.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram for a private closed economy. At the $300 level of GDP,
A) aggregate expenditures and GDP are equal. 
B) consumption is $200 and planned investment is $50. 
C) saving exceeds planned investment. 
D) consumption plus saving is $400.

Refer to the Diagram for a Private Closed Economy