Refer to the below data.Equilibrium Y = (GDP) is: The letters Y, C, and, I are used to represent GDP, consumption, and, investment respectively.
A)$100
B)$200
C)$300
D)$400

Question

Refer to the below data.Equilibrium Y = (GDP) is: The letters Y, C, and, I are used to represent GDP, consumption, and, investment respectively. 
A)$100 
B)$200 
C)$300 
D)$400

Quizplus · Accepted Answer

In equilibrium, GDP (Y) is equal to the sum of consumption (C) and investment (I). Looking at the table, we can see that when Y equals $300, C is $200 and I is $100. Therefore, $300 is the equilibrium GDP.

Refer to the Below Data