Refer to the information provided in Figure 9.1 below to answer the questions that follow. Figure 9.1
-Refer to Figure 9.1. At equilibrium, the part of consumption that is dependent on income equals $________ billion.

Question

Refer to the information provided in Figure 9.1 below to answer the questions that follow.  Figure 9.1
-Refer to Figure 9.1. At equilibrium, the part of consumption that is dependent on income equals $________ billion.

Quizplus · Accepted Answer

At equilibrium, the point where the consumption function intersects with the 45-degree line, the level of income is $1,000 billion and the corresponding level of consumption is also $1,000 billion.

Refer to the Information Provided in Figure 9