Consider the Following Information Describing a Closed Economy with No

question 18

Multiple Choice

Consider the following information describing a closed economy with no government and where aggregate output is demand determined.All dollar figures are in billions. TABLE 21-3 Refer to Table 21-3.At the equilibrium level of national income,desired consumption expenditure ($billions) will be

• A)$300.
• B)$400.
• C)$3900.
• D)$3600.
• E)$4000.