Solved

-In the Above Table, There Are No Taxes and No

Question 276

Multiple Choice

 Real GDP  (dollars)   Consumption  expenditure  (dollars)   Investment  (dollars)   Government  expenditure  (dollars)  3,0002,5005005004,0003,2505005005,0004,0005005006,0004,7505005007,0005,5005005008,0006,250500500\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Real GDP } \\\text { (dollars) }\end{array} & \begin{array} { l } \text { Consumption } \\\text { expenditure } \\\text { (dollars) }\end{array} & \begin{array} { l } \text { Investment } \\\text { (dollars) }\end{array} & \begin{array} { l } \text { Government } \\\text { expenditure } \\\text { (dollars) }\end{array} \\\hline 3,000 & 2,500 & 500 & 500 \\\hline 4,000 & 3,250 & 500 & 500 \\\hline 5,000 & 4,000 & 500 & 500 \\\hline 6,000 & 4,750 & 500 & 500 \\\hline 7,000 & 5,500 & 500 & 500 \\\hline 8,000 & 6,250 & 500 & 500 \\\hline\end{array}
-In the above table, there are no taxes and no imports or exports. The total level of expenditure in the economy when real GDP is $7,000 is


A) 0.75.
B) $6,500.
C) $7,000.
D) $13,500.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents