The Following Table Shows Data on Consumption at Various Levels

question 228

Multiple Choice

The following table shows data on consumption at various levels of income.Investment spending is $500 for all levels of income. Income
Consumption
$0
$500
$1,000
$1,250
$2,000
$2,000
$3,000
$2,750
$4,000
$3,500
If there is no government spending or net exports,the equilibrium income level is:

• A) $1,000.
• B) $2,000.
• C) $3,000.
• D) $4,000.

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Definitions:

Hazardous Waste

Waste that poses considerable or potential threats to public health or the environment.

National Contingency Plan

A government strategy designed to handle major emergencies or disasters, especially those affecting the public or the environment.

Chemical Feedstocks

Raw materials used in the manufacture of chemicals, often serving as the base from which other chemicals are derived.

CERCLA Trust Fund

A fund established under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) for cleaning up hazardous waste sites in the United States.