The Following Question Are Based on the Following Consumption Function

question 63

Multiple Choice

The following question are based on the following consumption function for a hypothetical economy. Assume autonomous intended investment is $200 billion and there are no government expenditures, exports, or imports.

-The current equilibrium level of GDP is ________ billion.

• A) $2,000
• B) $2,100
• C) $2,200
• D) $2,300
• E) $2,400

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