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The Table Shows a Consumption Schedule

Question 88

Multiple Choice

The table shows a consumption schedule. All figures are in billions of dollars. The table shows a consumption schedule. All figures are in billions of dollars. Refer to the above information. If lump-sum taxes were $20 billion, planned investment $45 billion, net exports zero, and government purchases $20 billion, then equilibrium GDP would be: A) $640 billion B) $680 billion C) $720 billion D) $760 billion Refer to the above information. If lump-sum taxes were $20 billion, planned investment $45 billion, net exports zero, and government purchases $20 billion, then equilibrium GDP would be:


A) $640 billion
B) $680 billion
C) $720 billion
D) $760 billion

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