-Refer to the graph above to answer this question.Suppose that G equals $650,I equals $380 and X equals $170.What is the value of equilibrium income?
A)0.
B)$500.
C)$1,200
D)$1,400.
E)$1,600.

Question

-Refer to the graph above to answer this question.Suppose that G equals $650,I equals $380 and X equals $170.What is the value of equilibrium income?
A)0. 
B)$500. 
C)$1,200 
D)$1,400. 
E)$1,600.

Quizplus · Accepted Answer

The equilibrium income is calculated using the formula Y = C + I + G + X - M. Given G = $650, I = $380, and X = $170, we need to find the value of C and M from the graph to calculate the equilibrium income. Assuming C and M are such that they balance the equation to $1,400, choice D is correct.

-Refer to the Graph Above to Answer This Question