The table gives the aggregate demand and aggregate supply schedules for a nation. Real GDP demanded (trillions of 2012 dollars) Real GDP supplied (trillions of 2012 dollars) Price level (GDP deflator) 80 10 90 6. 4 100 8. 6 7 110 7. 120 130 4 9 Based on the table, equilibrium real GDP is O A. $8 trillion. O B. $6 trillion. O C. $10 trillion. O D. $7 trillion. O E. $9 trillion.
The table gives the aggregate demand and aggregate supply schedules for a nation. Real GDP demanded (trillions of 2012 dollars) Real GDP supplied (trillions of 2012 dollars) Price level (GDP deflator) 80 10 90 6. 4 100 8. 6 7 110 7. 120 130 4 9 Based on the table, equilibrium real GDP is O A. $8 trillion. O B. $6 trillion. O C. $10 trillion. O D. $7 trillion. O E. $9 trillion.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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