Refer to the information provided in Figure 8.3 below to answer the questions that follow.
Figure 8.3
-Refer to Figure 8.3.Which of the following statements is FALSE?
A)Aggregate saving is negative for all income levels below $400 billion.
B)For all aggregate income levels above $200 billion,aggregate consumption is less than aggregate income.
C)If consumption is the only expenditure,this economy would be in equilibrium at an aggregate income level of $200 billion.
D)Saving is negative at all income levels below $200 billion.

Question

Refer to the information provided in Figure 8.3 below to answer the questions that follow.
  Figure 8.3
-Refer to Figure 8.3.Which of the following statements is FALSE?
A)Aggregate saving is negative for all income levels below $400 billion. 
B)For all aggregate income levels above $200 billion,aggregate consumption is less than aggregate income. 
C)If consumption is the only expenditure,this economy would be in equilibrium at an aggregate income level of $200 billion. 
D)Saving is negative at all income levels below $200 billion.

Quizplus · Accepted Answer

The graph shows that aggregate saving is positive at income levels between $100 billion and $400 billion. Therefore, statement A is false.

Refer to the Information Provided in Figure 8