(Table) the Following Table Shows Data on Consumption at Various

question 264

Multiple Choice

(Table) The following table shows data on consumption at various levels of income. Investment spending is $500 for all levels of income. $$\begin{array} { r r } \text { Income } & \text { Consumption } \\\$ 0 & \$ 500 \\\$ 1,000 & \$ 1,250 \\\$ 2,000 & \$ 2,000 \\\$ 3,000 & \$ 2,750 \\\$ 4,000 & \$ 3,500\end{array}$$ If there is no government spending or net exports, the equilibrium income level is:

• A) $1,000.
• B) $2,000.
• C) $3,000.
• D) $4,000.

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