The table shows the consumption schedule for a hypothetical economy.All figures are in billions of dollars.

-Refer to the above table.If taxes were $5,government purchases of goods and services $10,planned investment $6,and net exports zero,equilibrium real GDP would be:
A) $600
B) $610
C) $620
D) $630

Question

The table shows the consumption schedule for a hypothetical economy.All figures are in billions of dollars.
 
-Refer to the above table.If taxes were $5,government purchases of goods and services $10,planned investment $6,and net exports zero,equilibrium real GDP would be:
A) $600 
B) $610 
C) $620 
D) $630

Quizplus · Accepted Answer

The Answer of The table shows the consumption schedule for a hypothetical economy.All figures are in billions of dollars.
 
-Refer to the above table.If taxes were $5,government purchases of goods and services $10,planned investment $6,and net exports zero,equilibrium real GDP would be:
A) $600 
B) $610 
C) $620 
D) $630

The Table Shows the Consumption Schedule for a Hypothetical Economy