The Table Shows a Consumption Schedule

Multiple Choice

The table shows a consumption schedule. All figures are in billions of dollars. Refer to the above information. If planned investment was $20 billion, government purchases of goods and services were $20 billion, and taxes and net exports were zero, then the equilibrium level of GDP would be:

A) $600 billion
B) $640 billion
C) $680 billion
D) $720 billion