The breakeven level of income is the level of income at which consumption equals income, meaning that all income is spent and nothing is saved.

Looking at the table, we can see that the breakeven level of income is where consumption equals the national income.

This occurs at a national income level of 0, where consumption is also 0.

So, the correct answer is:

b. 0

Question

The breakeven level of income is the level of income at which consumption equals income, meaning that all income is spent and nothing is saved.

Looking at the table, we can see that the breakeven level of income is where consumption equals the national income.

This occurs at a national income level of 0, where consumption is also 0.

So, the correct answer is:

b. 0

Knowee AI · Accepted Answer

The breakeven level of income is the level of income at which consumption equals income, meaning that all income is spent and nothing is saved.

Looking at the table, we can see that the breakeven level of income is where consumption equals the national income.

This occurs at a national income level of 0, where consumption is also 0.

So, the correct answer is:

b. 0

National IncomeConsumptionInvestment01006020026060400420606005806080074060100090060The breakeven level of income is:a.800b.0c.600d.500