Solved

Use Table 10  Table 10.3\text { Table } 10.3 The Equilibrium Level of Output in Table 10

Question 105

Multiple Choice

Use Table 10.3,which shows the relationship between consumption and income.Assume the price level is constant.  Disposal Income  Total Consumption  Investment  Total Expenditure  (Billions per Year)   (Billions per Year)  (Billions per Year)   (Billions per Year) $0$200$100___200300100___400400100___600500100___\begin{array}{ll}\text { Disposal Income } & \text { Total Consumption }& \text { Investment }& \text { Total Expenditure }\\\text { (Billions per Year) }& \text { (Billions per Year) }& \text {(Billions per Year) }& \text { (Billions per Year) }\\\hline\$ 0 & \$ 200 & \$ 100 &\_\_\_\\200 & 300 & 100&\_\_\_ \\400 & 400 & 100&\_\_\_ \\600 & 500 & 100&\_\_\_\end{array}

 Table 10.3\text { Table } 10.3 The equilibrium level of output in Table 10.3 is


A) Between $400 and $600 billion.
B) $200 billion.
C) $400 billion.
D) $600 billion.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents