Refer to the information provided in Table below to answer the question that follow. Planned Output Net Consumption Investment Government (Income) Taxes Spending Spending Purchases Y T C I G 500 100 400 150 50 1,000 100 800 150 50 1,500 100 1,200 150 50 2,000 100 1,600 150 50 2,500 100 2,000 150 50 Refer to Table The equilibrium level of output is Select one: a. $2,000 b. $2,500 c. $1000 О d. $1,500 billion.
Refer to the information provided in Table below to answer the question that follow. Planned Output Net Consumption Investment Government (Income) Taxes Spending Spending Purchases Y T C I G 500 100 400 150 50 1,000 100 800 150 50 1,500 100 1,200 150 50 2,000 100 1,600 150 50 2,500 100 2,000 150 50 Refer to Table The equilibrium level of output is Select one: a. $2,000 b. $2,500 c. $1000 О d. $1,500 billion.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Refer to the information provided in Table below to answer the question that follow.
Planned
Output Net Consumption Investment Government
(Income) Taxes
Spending
Spending
Purchases
Y
T
C
I
G
500
100
400
150
50
1,000
100
800
150
50
1,500
100
1,200
150
50
2,000
100
1,600
150
50
2,500
100
2,000
150
50
Refer to Table The equilibrium level of output is
Select one:
a. $2,000
b. $2,500
c. $1000
О
d. $1,500
billion.
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