The data are for a closed, private (no government) economy. All figures are in billions of dollars.
possible levels of domestic
output and income (GDP=DI)
$540
560
580
600
620
640
660
Consumption
$540
555
570
585
600
615
630
If planned investment is $25 billion, the equilibrium level of GDP will be:
A. $600 billion
B. $620 billion
C. $640 billion
D. $660 billion
possible levels of domestic
output and income (GDP=DI)
$540
560
580
600
620
640
660
Consumption
$540
555
570
585
600
615
630
If planned investment is $25 billion, the equilibrium level of GDP will be:
A. $600 billion
B. $620 billion
C. $640 billion
D. $660 billion