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.At the equilibrium level of national income,desired consumption expenditure ($billions)will be
A)$30.
B)$70.
C)$210.
D)$240.
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.At the equilibrium level of national income,desired consumption expenditure ($billions)will be
A)$30. 
B)$70. 
C)$210. 
D)$240. 
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.At the equilibrium level of national income,desired consumption expenditure ($billions)will be
A)$30. 
B)$70. 
C)$210. 
D)$240. 
E)$280.

Consider the Following Information Describing a Closed Economy with No