Table 36-2

-In Table 36-2, what is equilibrium GDP?
A)$2,500
B)$3,500
C)$4,500
D)$5,500

Name: Table 36-2 -In Table 36-2, what is equilibrium GDP? A)$2,500 B)$3,500 C)$4,500 D)$5,500
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Question

Table 36-2
​ 
-In Table 36-2, what is equilibrium GDP?
A)$2,500 
B)$3,500 
C)$4,500 
D)$5,500

Quizplus · Accepted Answer

Equilibrium GDP is where aggregate expenditure (AE) equals GDP, which is at the intersection of the AE line and the 45-degree line. From the table, we can see that the AE line intersects the 45-degree line at $4,500, so that is the equilibrium GDP.

Table 36-2 ​

Table 36-2