Use the Figure Below to Answer the Following Questions

question 155

Multiple Choice

Use the figure below to answer the following questions.

Figure 27.2.3
There are no taxes in this economy.
-In Figure 27.2.3, equilibrium expenditure is

• A)$10 billion.
• B)$100 billion.
• C)$150 billion.
• D)$347 billion.
• E)$375 billion.

---

Definitions:

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to a specified person.

Collection Delay

The time lag between when a company issues an invoice and when it actually receives payment, affecting cash flow and liquidity.

Average Daily Receipts

The average amount of money received by a company per day over a given period, often used to measure cash flow or performance.

Customers

Individuals or entities that purchase goods or services from a business, essentially driving the revenue of the company.