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Refer to the Above Diagram Which Applies to a Private

Question 47

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Refer to the above diagram which applies to a private closed economy.If gross investment is Ig<sub>1</sub>, the equilibrium GDP and the level of consumption will be: A) H and HB respectively. B) J and JI respectively. C) J and JK respectively D) H and HF respectively. Refer to the above diagram which applies to a private closed economy.If gross investment is Ig1, the equilibrium GDP and the level of consumption will be:


A) H and HB respectively.
B) J and JI respectively.
C) J and JK respectively
D) H and HF respectively.

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