Refer to the Diagram Below for a Private Closed Economy

question 126

Multiple Choice

Refer to the diagram below for a private closed economy. In equilibrium the level of consumption:

• A) will be $100.
• B) will be $500.
• C) will be $600.
• D) cannot be determined from the information given.

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Definitions:

Terrestrial Plants

Plants that grow on land, as opposed to aquatic (water-based) or epiphytic (growing on other plants) plants.

Primitive Atmosphere

The early atmosphere of Earth, which was very different in composition from the current one, possibly composed of gases such as methane, ammonia, and water vapor.

Photosynthetic Bacteria

Bacteria that are capable of producing their own food through the process of photosynthesis.

Oxygen

A chemical element, represented by the symbol O, essential for life as it is a major component of air and water, supporting combustion and respiration.