Refer to the table below to answer the following question.
Table 11.2.1

-Table 11.2.1 gives the aggregate expenditure schedule.Equilibrium expenditure is equal to
A)$5 trillion.
B)$3 trillion.
C)$4 trillion.
D)$2 trillion.
E)zero.

Question

Refer to the table below to answer the following question.
Table 11.2.1
 
-Table 11.2.1 gives the aggregate expenditure schedule.Equilibrium expenditure is equal to
A)$5 trillion. 
B)$3 trillion. 
C)$4 trillion. 
D)$2 trillion. 
E)zero.

Quizplus · Accepted Answer

Equilibrium expenditure is where the aggregate expenditure line intersects the 45-degree line. In this case, the intersection point is at $4 trillion, which is the level of equilibrium expenditure.

Refer to the Table Below to Answer the Following Question