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Refer to the Above Diagram Wherein T Is Tax Revenues

Question 229

Multiple Choice

Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The equilibrium level of GDP in this economy: A) is $400. B) is greater than $400. C) is less than $400. D) cannot be determined from the information given. Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The equilibrium level of GDP in this economy:


A) is $400.
B) is greater than $400.
C) is less than $400.
D) cannot be determined from the information given.

Correct Answer:

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