-Refer to the table in the exhibit.What is the equilibrium level of GDP?
A) $5.0 trillion
B) $5.5 trillion
C) $6.0 trillion
D) $6.5 trillion

Question

-Refer to the table in the exhibit.What is the equilibrium level of GDP?  
A) $5.0 trillion 
B) $5.5 trillion 
C) $6.0 trillion 
D) $6.5 trillion

Quizplus · Accepted Answer

The equilibrium level of GDP is where the aggregate demand equals aggregate supply, or where planned spending equals output. Without the specific exhibit, the correct answer cannot be directly identified from data. However, typically, the equilibrium is found in economic models or tables by identifying where the planned expenditures match the output level, which is a common way to determine the equilibrium GDP in macroeconomic analysis.

-Refer to the Table in the Exhibit