Consider the following information describing a closed economy with no government and where aggregate output is demand determined.All dollar figures are in billions. TABLE 21-3 Refer to Table 21-3.At the equilibrium level of national income,desired consumption expenditure ($billions)will be
A)$300.
B)$400.
C)$3900.
D)$3600.
E)$4000.

Question

Consider the following information describing a closed economy with no government and where aggregate output is demand determined.All dollar figures are in billions.  TABLE 21-3 Refer to Table 21-3.At the equilibrium level of national income,desired consumption expenditure ($billions)will be
A)$300. 
B)$400. 
C)$3900. 
D)$3600. 
E)$4000.

Quizplus · Accepted Answer

The Answer of Consider the following information describing a closed economy with no government and where aggregate output is demand determined.All dollar figures are in billions.  TABLE 21-3 Refer to Table 21-3.At the equilibrium level of national income,desired consumption expenditure ($billions)will be
A)$300. 
B)$400. 
C)$3900. 
D)$3600. 
E)$4000.

Consider the Following Information Describing a Closed Economy with No