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Refer to the diagram in which T is tax revenues and G is government expenditures. All figures
are in billions. The equilibrium level of GDP in this ecoliony: is less than $400. is $400. is
greater than $400. cannot be determined from the information given.

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  • 1. Refer to the diagram in which T is tax revenues and G is government expenditures. All figures are in billions. The equilibrium level of GDP in this ecoliony: is less than $400. is $400. is greater than $400. cannot be determined from the information given.