Table 9.1Disposable IncomeTotal Consumption(Billions of dollars per year)(Billions of dollars per year)$0$50200210At which income level does consumption equal income according to the information provided in Table 9.1?
A. $150 billion.
B. $600 billion.
C. $250 billion.
D. $900 billion.
Answer: C
Economics
You might also like to view...
When a firm purchases a part of its supplies from any one of a large number of potential suppliers at the current market price without long-term commitments, it is:
A. making a spot market purchase. B. integrating downstream. C. practicing arbitrage. D. integrating upstream.
Economics
The goal of a commercial bank is to
A) establish good regulations for commercial activities. B) accept only deposits made in money. C) minimize its taxes paid to state governments. D) maximize its stockholders' wealth. E) make only safe, no-risk loans.
Economics