Refer to the information provided in Table 24.8 below to answer the question(s) that follow.
Table 24.8
All Figures in Billions of Dollars
-Refer to Table 24.8. The economy is at the equilibrium level of output. If government spending increases by $200 billion, the new equilibrium level of output is
A) $5,600 billion.
B) $4,600 billion.
C) $4,400 billion.
D) $4,000 billion.
Correct Answer:
Verified
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