The following partial data relates to a national economy (all figures in $billions):

-Refer to the above table to answer this question.What is the value of equilibrium income?
A)0.
B)$400.
C)$666.
D)$1,000.
E)$2,000.

Question

The following partial data relates to a national economy (all figures in $billions):
 
-Refer to the above table to answer this question.What is the value of equilibrium income?
A)0. 
B)$400. 
C)$666. 
D)$1,000. 
E)$2,000.

Quizplus · Accepted Answer

The equilibrium income is the level of income where aggregate demand equals aggregate supply. Without the table, we assume the correct choice is based on typical equilibrium scenarios, which often align with round numbers like $1,000.

The Following Partial Data Relates to a National Economy (All