Refer to the Information Provided in Figure 23

question 175

Multiple Choice

Refer to the information provided in Figure 23.5 below to answer the question(s) that follow. Figure 23.5
-Refer to Figure 23.5. If aggregate consumption is the only expenditure in this society, at an income level of $800 billion

• A) saving is zero.
• B) consumption equals income.
• C) the economy is in equilibrium.
• D) all of the above.

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Definitions:

Simplify

The process of altering an expression or equation to its most basic form without changing its value.

Domain

In mathematics, the set of all possible input values for which a function is defined.

Rational Function

A function represented by the ratio of two polynomials, where the denominator is not zero.

Rational Expression

A rational expression is a fraction where the numerator and/or the denominator are polynomials.