-The equilibrium level of GDP in the economy in the above diagram:
A) is $100.
B) is $200.
C) is $240.
D) is $320.

Name: -The equilibrium level of GDP in the economy in the above diagram: A) is $100. B) is $200. C) is $240. D) is $320.
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Question

-The equilibrium level of GDP in the economy in the above diagram:
A) is $100. 
B) is $200. 
C) is $240. 
D) is $320.

Quizplus · Accepted Answer

The equilibrium level of GDP is determined where aggregate demand equals aggregate supply. In the diagram, this occurs at $240.

-The Equilibrium Level of GDP in the Economy in the Above