Consider the following information describing a closed economy with no government.Aggregate output is demand determined and the price level is constant. 
TABLE 21-6
-Refer to Table 21-6.This economy's equilibrium level of national income is
Definitions:
Genital Stage
The final stage of Freud's psychosexual development theory, focusing on mature sexual interests and activities.
Latency Stage
In psychoanalytic theory, a period in childhood development characterized by a suppression of sexual impulses and a focus on expanding social contacts beyond the family.
Biological Urges
Innate drives or impulses stemming from biological needs that influence human behavior, such as hunger, thirst, and sexual desire.
Social Contacts
Interactions and connections with other people, ranging from casual acquaintances to close personal relationships.
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