The Equilibrium Level of GDP in a Private Closed Economy

question 140

Multiple Choice

The equilibrium level of GDP in a private closed economy is where:

• A)MPC = APC.
• B)unemployment is about 3 percent of the labor force.
• C)planned consumption equals saving.
• D)saving equals planned investment.

---

Definitions:

Business Consultant

A professional who provides expert advice in a particular area of business, helping companies improve performance and efficiency.

Email Addresses

A unique identifier for an email account, allowing message sending and receipt.

Social Networking Site

An online platform where individuals can create profiles, share content, and interact with other users.

Online Conversations

Interactive communications between two or more parties over the internet through platforms such as social media, forums, or chat rooms.