Solved

Assuming the Market for Loanable Funds Is in Equilibrium, Use

Question 157

Multiple Choice

Assuming the market for loanable funds is in equilibrium, use the following numbers to determine the quantity of loanable funds supplied.
 GDP $8.7 trillion  Consumption Spending $3.2 trillion  Taxes Net of Transfers $2.7 trillion  Government Purchases $3.0 trillion \begin{array} { | l | c | } \hline \text { GDP } & \$ 8.7 \text { trillion } \\\hline \text { Consumption Spending } & \$ 3.2 \text { trillion } \\\hline \text { Taxes Net of Transfers } & \$ 2.7 \text { trillion } \\\hline \text { Government Purchases } & \$ 3.0 \text { trillion } \\\hline\end{array}


A) $2.2 trillion
B) $2.5 trillion
C) $3.9 trillion
D) $5.2 trillion

Correct Answer:

verifed

Verified

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

Related Questions