Refer to the information provided in Table 9.3 below to answer the questions that follow.
Table 9.3
All Numbers are in $ Million

-Refer to Table 9.3.The equilibrium level of aggregate output is $________ million.

Question

Refer to the information provided in Table 9.3 below to answer the questions that follow.
Table 9.3
All Numbers are in $ Million
 
-Refer to Table 9.3.The equilibrium level of aggregate output is $________ million.

Quizplus · Accepted Answer

The equilibrium level of aggregate output is determined where aggregate demand equals aggregate supply. Based on the given options, $1,400 million is the level where this condition is met.

Refer to the Information Provided in Table 9