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Refer to the above figure. The equilibrium level of real Gross Domestic Product (GDP) is:

A) $7 trillion
B) $12 trillion
C) $20 trillion
D) $6 trillion

Answer :

The equilibrium level of real Gross Domestic Product (GDP) is option A) $7 trillion.

Firms increment creation and raise costs when genuine Gross domestic product is underneath the harmony Gross domestic product, and they lessen creation and raise costs when genuine Gross domestic product is over the balance Gross domestic product. The SAS curve moves in the opposite direction of equilibrium as a result of these alterations. The correct option is A.

In order for businesses to increase output and boost real GDP, aggregate spending must exceed real GDP. Companies will maintain their output if aggregate expenditures equal real GDP because the aggregate expenditures model has reached equilibrium.

DISCLAIMER The question is incomplete.

Refer to the above figure. The equilibrium level of real Gross Domestic Product (GDP) is

A) $7 trillion.

B) $12 trillion.

C) $20 trillion.

D) $6 trillion.

For more information about equilibrium GDP, see:

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