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The Following Table Shows Data on Consumption at Various Levels

Question 228

Multiple Choice

The following table shows data on consumption at various levels of income.Investment spending is $500 for all levels of income. Income
Consumption
$0
$500
$1,000
$1,250
$2,000
$2,000
$3,000
$2,750
$4,000
$3,500
If there is no government spending or net exports,the equilibrium income level is:


A) $1,000.
B) $2,000.
C) $3,000.
D) $4,000.

Correct Answer:

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