Exhibit 10-1 -In Exhibit 10-1, the Equilibrium Level of Income Is

Multiple Choice

Exhibit 10-1

-In Exhibit 10-1, the equilibrium level of income is

A) $5.4 trillion
B) where real GDP = total planned expenditures
C) where disposable income = total planned expenditures
D) $4.8 trillion
E) where the government has a balanced budget, which is at each level of income in this example