Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The equilibrium level of GDP in this economy:
A)is $400.
B)is greater than $400.
C)is less than $400.
D)cannot be determined from the information given.

Question

Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The equilibrium level of GDP in this economy:
A)is $400. 
B)is greater than $400. 
C)is less than $400. 
D)cannot be determined from the information given.

Quizplus · Accepted Answer

The Answer of  Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The equilibrium level of GDP in this economy:
A)is $400. 
B)is greater than $400. 
C)is less than $400. 
D)cannot be determined from the information given.

Refer to the Above Diagram Wherein T Is Tax Revenues