Refer to the above diagram for a private closed economy.The equilibrium level of GDP in this economy:
A)is $60 billion.
B)is $180 billion.
C)is between $60 and $180 billion.
D)cannot be determined from the information given.

Question

Refer to the above diagram for a private closed economy.The equilibrium level of GDP in this economy:
A)is $60 billion. 
B)is $180 billion. 
C)is between $60 and $180 billion. 
D)cannot be determined from the information given.

Quizplus · Accepted Answer

The Answer of  Refer to the above diagram for a private closed economy.The equilibrium level of GDP in this economy:
A)is $60 billion. 
B)is $180 billion. 
C)is between $60 and $180 billion. 
D)cannot be determined from the information given.

Refer to the Above Diagram for a Private Closed Economy