Equilibrium real output from macroeconomic data

Steps:

• Identify consumption, investment, government spending, and net exports from the table.
• Calculate aggregate demand (AD) as C + I + G + (X - M) for each output level.
• Find equilibrium where AD equals real output (Y).
• Select the Y value where AD = Y.

Why C is correct:

• Equilibrium occurs where aggregate demand equals real output, per the Keynesian cross model.

Why the others are wrong:

• A: AD exceeds Y, indicating excess supply.
• B: AD exceeds Y, indicating excess supply.
• D: AD falls short of Y, indicating excess demand.

Not enough information: Table data is missing, preventing precise calculation.

Final answer: C