GDP C S Ig $100 $100 $0 $80
200 160 40 80
300 220 80 80
400 280 120 80
500 340 160 80
600 400 200 80
700 460 240 80
Refer to the accompanying information for a closed economy.If both government spending and taxes are zero, the equilibrium level of GDP is
A)$200.
B)$300.
C)$400.
D)$500.

Question

Quizplus · Accepted Answer

The Answer of GDP C S Ig $100 $100 $0 $80
200 160 40 80
300 220 80 80
400 280 120 80
500 340 160 80
600 400 200 80
700 460 240 80
Refer to the accompanying information for a closed economy.If both government spending and taxes are zero, the equilibrium level of GDP is
A)$200.
B)$300.
C)$400.
D)$500.