GDP Consumption

$440 $450

490 490

540 530

590 570

640 610

Refer to the accompanying consumption schedule in an economy. All figures are in billions of dollars. If gross investment is $34 billion, net exports are zero, and there is a lump-sum tax of $30 billion at all levels of GDP, then the after-tax equilibrium level of GDP will be

Multiple Choice O $490 billion. O $540 billion. O $590 billion. O $640 billion