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-Refer to the Above Diagram Which Applies to a Private

Question 36

Multiple Choice

  -Refer to the above diagram which applies to a private closed economy.If gross investment is Ig<sub>1</sub>,the equilibrium GDP and the level of consumption will be: A)  H and HB respectively. B)  J and JI respectively. C)  J and JK respectively D)  H and HF respectively.
-Refer to the above diagram which applies to a private closed economy.If gross investment is Ig1,the equilibrium GDP and the level of consumption will be:


A) H and HB respectively.
B) J and JI respectively.
C) J and JK respectively
D) H and HF respectively.

Correct Answer:

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