Refer to the information provided in Figure 8.3 below to answer the questions that follow. Figure 8.3
-Refer to Figure 8.3. Which of the following statements is true?
A) Aggregate saving is negative for all income levels below $400.
B) For all aggregate income levels above $200, aggregate consumption is greater than aggregate income.
C) If consumption is the only expenditure, this economy would be in equilibrium at an aggregate income level of $300.
D) Saving is negative at all income levels below $200.

Question

Refer to the information provided in Figure 8.3 below to answer the questions that follow.  Figure 8.3
-Refer to Figure 8.3. Which of the following statements is true?
A) Aggregate saving is negative for all income levels below $400. 
B) For all aggregate income levels above $200, aggregate consumption is greater than aggregate income. 
C) If consumption is the only expenditure, this economy would be in equilibrium at an aggregate income level of $300. 
D) Saving is negative at all income levels below $200.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 8.3 below to answer the questions that follow.  Figure 8.3
-Refer to Figure 8.3. Which of the following statements is true?
A) Aggregate saving is negative for all income levels below $400. 
B) For all aggregate income levels above $200, aggregate consumption is greater than aggregate income. 
C) If consumption is the only expenditure, this economy would be in equilibrium at an aggregate income level of $300. 
D) Saving is negative at all income levels below $200.

Refer to the Information Provided in Figure 8