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QUESTION 20 Scenario: Income-Expenditure Equilibrium GDP is $8,000, autonomous consumption is $500, and planned investment spending is $200. The marginal propensity to consume is 0.8.

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QUESTION 20 Scenario: Income-Expenditure Equilibrium GDP is $8,000, autonomous consumption is $500, and planned investment spending is $200. The marginal propensity to consume is 0.8. (Scenario: Income-Expenditure Equilibrium) Income-expenditure equilibrium is achieved when GDP is: A) $8,000. B) $7,000. C) $3,500. D) $700

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