The following information is for a closed economy: Refer to the above information.If both government spending and taxes are zero, the equilibrium level of GDP:
A)is $200.
B)is $300.
C)is $400.
D)is $500.

Question

The following information is for a closed economy:  Refer to the above information.If both government spending and taxes are zero, the equilibrium level of GDP:
A)is $200. 
B)is $300. 
C)is $400. 
D)is $500.

Quizplus · Accepted Answer

The Answer of The following information is for a closed economy:  Refer to the above information.If both government spending and taxes are zero, the equilibrium level of GDP:
A)is $200. 
B)is $300. 
C)is $400. 
D)is $500.

The Following Information Is for a Closed Economy: Refer