Note: Amounts in billions.
-Refer to the above table. The equilibrium real GDP is
A) $12 billion.
B) $13 billion.
C) $14 billion.
D) $15 billion.

Question

Note: Amounts in billions.
-Refer to the above table. The equilibrium real GDP is
A) $12 billion. 
B) $13 billion. 
C) $14 billion. 
D) $15 billion.

Quizplus · Accepted Answer

The equilibrium real GDP is where the aggregate demand equals aggregate supply, or where planned spending equals output. Without the table, I can't provide specific details, but typically, you would look for the level of GDP where these conditions are met.

Note: Amounts in Billions