The table shows the consumption schedule for a hypothetical economy.All figures are in billions of dollars. Refer to the above table.If taxes were $5, government purchases of goods and services $10, planned investment $6, and net exports zero, equilibrium real GDP would be:
A)$600
B)$610
C)$620
D)$630

Question

The table shows the consumption schedule for a hypothetical economy.All figures are in billions of dollars.  Refer to the above table.If taxes were $5, government purchases of goods and services $10, planned investment $6, and net exports zero, equilibrium real GDP would be:
A)$600 
B)$610 
C)$620 
D)$630

Quizplus · Accepted Answer

The Answer of The table shows the consumption schedule for a hypothetical economy.All figures are in billions of dollars.  Refer to the above table.If taxes were $5, government purchases of goods and services $10, planned investment $6, and net exports zero, equilibrium real GDP would be:
A)$600 
B)$610 
C)$620 
D)$630

The Table Shows the Consumption Schedule for a Hypothetical Economy