Question

term 1:14:10 Table 83 GDP $8.7 trillion Consumption $3.2 trillion Spending Taxes minus Transfers $2.7 trillion Government $3.0 trillion Purchases Refer to the Table 8-3. Supposing equilibrium exists in the market for loanable funds, what is the quantity of funds supplied in this market? 0 a $2.5 trillion b. $3.1 trillion c. $2.2 trillion O d. $2.8 trillion 0-Icon Rey engage.com/ilm/takeAssignment/takeAssignmentMain.do?takeAssignmentSessionLocator assignment

Answer 1

8.7 = 3.2+3+X

x =2.5trillion

so quantity of funds supplied in this market =

$2.5trillion

A is right option

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