Answer the Question on the Basis of the Following Data

question 19

Multiple Choice

Answer the question on the basis of the following data for a private closed economy. $\begin{array}{l}\text { Possible Levels of Domestic }\\\begin{array} { c c c } \underline{\text { Output and Income (GDP = DI) } }&\underline{ \text { Consumption }} \\\$320& \$ 320 \\330 & 327 \\340 & 334 \\350 & 341 \\360 & 348 \\370 & 355 \\380 & 362\end{array}\end{array}$ Refer to the data for a private closed economy.If gross investment is $12 billion,the equilibrium level of GDP will be:

• A) $380.
• B) $370.
• C) $360.
• D) $350.

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Definitions:

Factory Equipment

Assets such as machinery and tools used in the manufacturing process to produce goods and services.