-The above figure plots income and consumption in a nation. In 2007
A) consumption was equal to $25,000 and income was equal to $28,000.
B) consumption was equal to $28,000 and income was equal to $25,000.
C) consumption was equal to $25,000 and income was equal to $25,000.
D) consumption was equal to $27,000 and income was equal to $31,000.

Question

-The above figure plots income and consumption in a nation. In 2007
A) consumption was equal to $25,000 and income was equal to $28,000. 
B) consumption was equal to $28,000 and income was equal to $25,000. 
C) consumption was equal to $25,000 and income was equal to $25,000. 
D) consumption was equal to $27,000 and income was equal to $31,000.

Quizplus · Accepted Answer

In the scenario described, option A correctly matches the given data points for consumption and income in 2007, indicating that consumption was $25,000 and income was $28,000.

-The Above Figure Plots Income and Consumption in a Nation