Solved

In the Long Run,if an Economy's Consumption Spending Is $5

Question 153

Multiple Choice

In the long run,if an economy's consumption spending is $5 trillion,its planned investment is $2 trillion,government spending is $1 trillion,net tax revenue is $1 trillion,and household savings are $2 trillion,total output should be


A) $3 trillion
B) $5 trillion
C) $7 trillion
D) $8 trillion
E) $11 trillion

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions