Refer to the information provided in Table 24.7 below to answer the question(s) that follow.
Table 24.7
All Numbers are in $ Million
-Refer to Table 24.7. The equilibrium level of aggregate income is $________ million.

Question

Refer to the information provided in Table 24.7 below to answer the question(s) that follow.
Table 24.7
All Numbers are in $ Million 
-Refer to Table 24.7. The equilibrium level of aggregate income is $________ million.

Quizplus · Accepted Answer

The equilibrium level of aggregate income is determined where aggregate demand equals aggregate supply. Based on the context provided, $1,400 million is the level where this balance occurs.

Refer to the Information Provided in Table 24