Private sperding (billions) 8300 800 2 20 11 $20 100 30 100 120 140 160 180 200 GDF (hillens) (CIE The diagram above refers to a private closed economy. In this instance, the equilibrium GDP is: $60 billion. $180 billion. between $60 and $180 billion. $60 billion at all levels of GDP.
Private sperding (billions) 8300 800 2 20 11 $20 100 30 100 120 140 160 180 200 GDF (hillens) (CIE The diagram above refers to a private closed economy. In this instance, the equilibrium GDP is: $60 billion. $180 billion. between $60 and $180 billion. $60 billion at all levels of GDP.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
12
![Private sperding (billions)
5300
140
80
GI
11
$20 40 00 80 100 120 140 160 180 200
GDF (millions)
CIL
The diagram above refers to a private closed
economy. In this instance, the equilibrium GDP is:
$60 billion.
$180 billion.
between $60 and $180 billion.
$60 billion at all levels of GDP.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff418c1f6-9f8a-4b28-8543-4885c99eb115%2F2fb15e5b-5de4-4be4-b538-47ffa72eb580%2Fgkiabh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Private sperding (billions)
5300
140
80
GI
11
$20 40 00 80 100 120 140 160 180 200
GDF (millions)
CIL
The diagram above refers to a private closed
economy. In this instance, the equilibrium GDP is:
$60 billion.
$180 billion.
between $60 and $180 billion.
$60 billion at all levels of GDP.
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