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-Refer to the Graph Above to Answer This Question

Question 94

Multiple Choice

-Refer to the graph above to answer this question.Which of the following is true? A) A balanced budget would occur at income level Y1. B) A balanced budget would occur at income level Y2. C) A balanced budget could occur at income levels Y1,Y2 or Y3. D) The existence of a balanced budget cannot be determined because no information on tax revenues is given.
-Refer to the graph above to answer this question.Which of the following is true?


A) A balanced budget would occur at income level Y1.
B) A balanced budget would occur at income level Y2.
C) A balanced budget could occur at income levels Y1,Y2 or Y3.
D) The existence of a balanced budget cannot be determined because no information on tax revenues is given.

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