Refer to the information provided in Table 24.1 below to answer the question(s) that follow.
Table 24.1
-Refer to Table 24.1. The equilibrium level of output is ________ billion.

Question

Refer to the information provided in Table 24.1 below to answer the question(s) that follow.
Table 24.1 
-Refer to Table 24.1. The equilibrium level of output is ________ billion.

Quizplus · Accepted Answer

The equilibrium level of output is where aggregate demand equals aggregate supply. In this case, at a price level of 100, the equilibrium output is $1,600 billion.

Refer to the Information Provided in Table 24