-In the above table, there are no taxes and no imports or exports. The total level of expenditure in the economy when real GDP is $7,000 is
A) 0.75.
B) $6,500.
C) $13,500.
D) $7,000.

Question

-In the above table, there are no taxes and no imports or exports. The total level of expenditure in the economy when real GDP is $7,000 is
A) 0.75. 
B) $6,500. 
C) $13,500. 
D) $7,000.

Quizplus · Accepted Answer

The total level of expenditure in the economy is equal to GDP. When real GDP is $7,000, the total level of expenditure is also $7,000.

-In the Above Table, There Are No Taxes and No