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-Refer to the Table in the Exhibit

question 130

Multiple Choice

$\begin{array}{l}\text { Schedule for Real GDP, Net Taxes and Government Purchases (Trillions of Dollars) }\\\begin{array}{ccccccccc}\hline \begin{array}{c}\text { Real } \\\text { GDP }\end{array} & \begin{array}{c}\text { Net } \\\text { taxes }\end{array} & \begin{array}{c}\text { Disposable } \\\text { income } \\(Y) \end{array} & \begin{array}{c}\text { Consumption } \\(N T) \end{array} & \begin{array}{c}\text { Saving } \\(Y-N T) \end{array} & \begin{array}{c}\text { Planned } \\\text { investment } \\(S) \end{array} & \begin{array}{c}\text { Net } \\\text { exports } \\(N X) \end{array} & \begin{array}{c}\text { Government } \\\text { purchases } \\(G) \end{array} & \begin{array}{c}\text { Planned } \\\text { aggregate } \\\text { expenditure } \\(C+I+N X+G) \end{array} \\\hline 3.0 & 0.9 & 2.1 & 2.0 & 0.1 & 0.5 & -0.2 & 0.9 & 3.2 \\3.6 & 0.9 & 2.7 & 2.4 & 0.3 & 0.5 & -0.2 & 0.9 & 3.5 \\4.2 & 0.9 & 3.3 & 2.8 & 0.5 & 0.5 & -0.2 & 0.9 & 4.0 \\4.8 & 0.9 & 3.9 & 3.2 & 0.7 & 0.5 & -0.2 & 0.9 & 4.4 \\5.4 & 0.9 & 4.5 & 3.6 & 0.9 & 0.5 & -0.2 & 0.9 & 4.8 \\\hline\end{array}\end{array}$
-Refer to the table in the exhibit.What is the equilibrium level of income?

Definitions:

Waiting Line Terminology

The set of terms and concepts used to describe and analyze the characteristics and behavior of waiting lines or queues in various contexts.

Costs Vary

An expression indicating that expenses can change based on factors such as production volume, time, and market conditions.

Level of Service

A measure of the quality of service provided, often used in the context of public transportation or customer service, indicating efficiency, responsiveness, and satisfaction.

Utilization Rate

This measures the efficiency with which capacity is used, often expressed as a percentage of total available capacity.