Refer to the diagram for a private closed economy. The $400 level of GDP is
A) that output at which saving is zero.
B) too high because consumption exceeds investment.
C) unsustainable because aggregate expenditures exceed GDP.
D) unsustainable because aggregate expenditures are less than GDP.

Question

Refer to the diagram for a private closed economy. The $400 level of GDP is
A) that output at which saving is zero. 
B) too high because consumption exceeds investment. 
C) unsustainable because aggregate expenditures exceed GDP. 
D) unsustainable because aggregate expenditures are less than GDP.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram for a private closed economy. The $400 level of GDP is
A) that output at which saving is zero. 
B) too high because consumption exceeds investment. 
C) unsustainable because aggregate expenditures exceed GDP. 
D) unsustainable because aggregate expenditures are less than GDP.

Refer to the Diagram for a Private Closed Economy