Equilibrium level of GDP can be defined as:
A) savings equal to investment.
B) a level of GDP that is stable inasmuch as there are no conditions present in the economy to move it from this level.
C) a level of GDP at which government spending and tax revenues are in balance.
D) a level of GDP at which consumer savings and government tax revenues are equal.
Correct Answer:
Verified
Q2: Which of the following cannot be considered
Q3: Which of the following cannot be considered
Q4: Which of the following is not included
Q5: Which of the following factors is most
Q6: Which of the following is least likely
Q7: The relationship between consumption and disposable income:
A)
Q8: The relationship between the marginal propensity to
Q9: If your income increased from $30 000
Q10: If your income is $40 000 per
Q11: The marginal propensity to consume can be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents