The following data refers to a national economy with all figures in $billions.

-Refer to the table above to answer this question.At equilibrium income what is the value of aggregate expenditures?
A)$1,200
B)$1,400
C)$1,600
D)$2,000
E)$2,400

Question

The following data refers to a national economy with all figures in $billions.
 
-Refer to the table above to answer this question.At equilibrium income what is the value of aggregate expenditures?
A)$1,200 
B)$1,400 
C)$1,600 
D)$2,000 
E)$2,400

Quizplus · Accepted Answer

At equilibrium income, aggregate expenditures equal national income. In this case, equilibrium income is $1,400, so aggregate expenditures must also be $1,400.

The Following Data Refers to a National Economy with All