-Refer to the above figure. The equilibrium level of real Gross Domestic Product (GDP) is
A) $6 trillion.
B) $7 trillion.
C) $12 trillion.
D) $20 trillion.

Name: -Refer to the above figure. The equilibrium level of real Gross Domestic Product (GDP) is A) $6 trillion. B) $7 trillion. C) $12 trillion. D) $20 trillion.
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Question

-Refer to the above figure. The equilibrium level of real Gross Domestic Product (GDP) is
A) $6 trillion. 
B) $7 trillion. 
C) $12 trillion. 
D) $20 trillion.

Quizplus · Accepted Answer

The equilibrium level of real GDP is where the aggregate demand curve intersects the aggregate supply curve, which, based on the information provided, occurs at $12 trillion.

-Refer to the Above Figure