Refer to the below data.Equilibrium Y = (GDP)is:
The letters Y,C,and,I are used to represent GDP,consumption,and,investment respectively.
A) $100
B) $200
C) $300
D) $400

Question

Refer to the below data.Equilibrium Y = (GDP)is:
The letters Y,C,and,I are used to represent GDP,consumption,and,investment respectively. 
A) $100 
B) $200 
C) $300 
D) $400

Quizplus · Accepted Answer

The equilibrium GDP, or Y, is shown where the aggregate expenditure line, which is the sum of consumption (C) and investment (I), intersects with the 45-degree line, where Y is equal to both C and I. In this case, the aggregate expenditure line intersects with the 45-degree line at $300, so that is the equilibrium GDP.

Refer to the Below Data.Equilibrium Y = (GDP)is