Use Table 10 $\text { Table } 10.3$ The Equilibrium Level of Output in Table 10

question 97

Multiple Choice

Use Table 10.3,which shows the relationship between consumption and income.Assume the price level is constant. $\begin{array}{ll}\text { Disposal Income } & \text { Total Consumption }& \text { Investment }& \text { Total Expenditure }\\\text { (Billions per Year) }& \text { (Billions per Year) }& \text {(Billions per Year) }& \text { (Billions per Year) }\\\hline\$ 0 & \$ 200 & \$ 100 &\_\_\_\\200 & 300 & 100&\_\_\_ \\400 & 400 & 100&\_\_\_ \\600 & 500 & 100&\_\_\_\end{array}$

$\text { Table } 10.3$ The equilibrium level of output in Table 10.3 is

• A)Between $400 and $600 billion.
• B)$200 billion.
• C)$400 billion.
• D)$600 billion.

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Definitions:

Demand Characteristics

Aspects of a study that give away its purpose or communicate how the participant is expected to behave.

Correlated

When two or more variables have a statistical relationship with each other, indicating that changes in one are associated with changes in the other.

Underlying Construct

Refers to the theoretical concept or psychological variable that is being measured or assessed, but is not directly observable.

Independent

Free from outside control; not depending on another's authority, or capable of thinking or acting for oneself.