All figures below are in billions of dollars. Refer to the table above. Suppose investment is $12 billion and the economy revises its saving plans so as to save $4 billion less at all levels of income. The new equilibrium GDP will be:
A) $260 billion
B) $270 billion
C) $280 billion
D) $290 billion

Question

All figures below are in billions of dollars.  Refer to the table above. Suppose investment is $12 billion and the economy revises its saving plans so as to save $4 billion less at all levels of income. The new equilibrium GDP will be:
A) $260 billion 
B) $270 billion 
C) $280 billion 
D) $290 billion

Quizplus · Accepted Answer

The Answer of All figures below are in billions of dollars.  Refer to the table above. Suppose investment is $12 billion and the economy revises its saving plans so as to save $4 billion less at all levels of income. The new equilibrium GDP will be:
A) $260 billion 
B) $270 billion 
C) $280 billion 
D) $290 billion

All Figures Below Are in Billions of Dollars