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Using the Following Information on a Hypothetical Economy in Equilibrium,calculate

Question 98

Multiple Choice

Using the following information on a hypothetical economy in equilibrium,calculate total output for 2008.
 Consumption Spenting $3.5 trillion  Net Taxes $2.7 trillion  Household Seving $2.5 trilion  Investment Spenting $2.2 trilion  Government Purchases $3.0 trillion \begin{array} { | l | l | } \hline \text { Consumption Spenting } & \$ 3.5 \text { trillion } \\\hline \text { Net Taxes } & \$ 2.7 \text { trillion } \\\hline \text { Household Seving } & \$ 2.5 \text { trilion } \\\hline \text { Investment Spenting } & \$ 2.2 \text { trilion } \\\hline \text { Government Purchases } & \$ 3.0 \text { trillion } \\\hline\end{array}
If exports are exactly equal to imports,total output for 2008 is


A) $5.2 trillion
B) $5.7 trillion
C) $8.4 trillion
D) $8.7 trillion
E) $13.9 trillion

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