Refer to the below data.Equilibrium Y = (GDP) is: The letters Y, C, and, I are used to represent GDP, consumption, and, investment respectively.
A)$100
B)$200
C)$300
D)$400

Question

Refer to the below data.Equilibrium Y = (GDP) is: The letters Y, C, and, I are used to represent GDP, consumption, and, investment respectively. 
A)$100 
B)$200 
C)$300 
D)$400

Quizplus · Accepted Answer

According to the data, equilibrium Y = 300, which means at this level of GDP, demand for goods and services (C+I) equals the total output of the economy (Y). Therefore, the best choice is C ($300).

Refer to the Below Data