Refer to the information provided in Figure 23.9 below to answer the question(s) that follow.
Figure 23.9Refer to Figure 23.9. $200 million is
A. where saving equals aggregate expenditures.
B. where saving equals consumption.
C. the break even income.
D. the equilibrium income.
Answer: D
You might also like to view...
An increase in the effective corporate tax rate due to increased inflation results in
a. a upward shift of the investment schedule. b. a downward shift of the investment schedule. c. no shift of the investment schedule. d. a rightward shift of the saving schedule.
According to the text, a rise in the interest rate
A. may either raise or lower consumer savings. B. will raise consumer savings. C. will lower consumer savings. D. will cause the rental cost of capital to decrease.
A decrease in the supply of money will, according to the quantity theory of money, lead to
A. a lower real Gross Domestic Product (GDP). B. a higher price level. C. a higher nominal Gross Domestic Product (GDP). D. a lower price level.
If a pizza maker pays $1 for tomatoes, $1 for cheese, $2 for sausage, and sells the pizza made with these ingredients for $7, then each pizza sold contributes how much to GDP?
A. $4 B. $7 C. $11 D. $3