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 21-4 Refer to Table 21-4.The equilibrium level of national income ($billions)will be
A)$70.
B)$93.
C)$120.
D)$160.
E)$280.

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 21-4 Refer to Table 21-4.The equilibrium level of national income ($billions)will be
A)$70. 
B)$93. 
C)$120. 
D)$160. 
E)$280.

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 21-4 Refer to Table 21-4.The equilibrium level of national income ($billions)will be
A)$70. 
B)$93. 
C)$120. 
D)$160. 
E)$280.

Consider the Following Information Describing a Closed Economy with No