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The Following Table Shows Some Data on Consumption at Various

Question 88

Multiple Choice

The following table shows some data on consumption at various levels of income. Income
Consumption
$0
$200
$1,000
$1,000
$2,000
$1,800
$3,000
$2,600
$4,000
$3,400
$5,000
$4,200
$6,000
$5,000
Investment spending is $600.If there is no government spending or net exports,the equilibrium income level is:


A) $1,000.
B) $2,000.
C) $3,000.
D) $4,000.

Correct Answer:

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