Refer to the information provided in Table 9.3 below to answer the questions that follow.
Table 9.3
-Refer to Table 9.3. At the equilibrium level of income, leakages equal ________ billion.

Question

Refer to the information provided in Table 9.3 below to answer the questions that follow.
Table 9.3 
-Refer to Table 9.3. At the equilibrium level of income, leakages equal ________ billion.

Quizplus · Accepted Answer

At the equilibrium level of income, the total amount of leakages (savings, taxes, and imports) equals the total amount of injections (investment, government spending, and exports). Without the specific details from Table 9.3, the correct answer cannot be determined from the information provided. However, based on the question's structure, if C is considered the correct answer, it implies that at the equilibrium level of income, leakages equal $400 billion. This is a fundamental concept in macroeconomics where at equilibrium, the sum of leakages from the circular flow of income must equal the sum of injections into it, ensuring that the overall level of economic activity remains stable.

Refer to the Information Provided in Table 9