-Refer to the graph above to answer this question.Which of the following is true?
A)A balanced budget would occur at income level Y1.
B)A balanced budget would occur at income level Y2.
C)A balanced budget could occur at income levels Y1,Y2 or Y3.
D)The existence of a balanced budget cannot be determined because no information on tax revenues is given.

Question

-Refer to the graph above to answer this question.Which of the following is true?
A)A balanced budget would occur at income level Y1. 
B)A balanced budget would occur at income level Y2. 
C)A balanced budget could occur at income levels Y1,Y2 or Y3. 
D)The existence of a balanced budget cannot be determined because no information on tax revenues is given.

Quizplus · Accepted Answer

The Answer of 
-Refer to the graph above to answer this question.Which of the following is true?
A)A balanced budget would occur at income level Y1. 
B)A balanced budget would occur at income level Y2. 
C)A balanced budget could occur at income levels Y1,Y2 or Y3. 
D)The existence of a balanced budget cannot be determined because no information on tax revenues is given.

-Refer to the Graph Above to Answer This Question