Exhibit 10-1 -In Exhibit 10-1, the Equilibrium Level of Income Is

question 128

Multiple Choice

Exhibit 10-1

-In Exhibit 10-1, the equilibrium level of income is

• A)$5.4 trillion
• B)where real GDP = total planned expenditures
• C)where disposable income = total planned expenditures
• D)$4.8 trillion
• E)where the government has a balanced budget, which is at each level of income in this example

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