Step 1: Understanding the reaction.
The balanced reaction shows that 2 moles of KClO\(_3\) decompose to give 3 moles of O\(_2\). We need to calculate the volume of oxygen gas produced at standard temperature and pressure (STP). At STP, 1 mole of any ideal gas occupies 22.4 L.
Step 2: Calculating the volume.
The volume of oxygen produced is directly proportional to the amount of KClO\(_3\) used. The given reaction shows that 2 moles of KClO\(_3\) produce 3 moles of O\(_2\). Therefore, for every 2 moles of KClO\(_3\), 3 moles of O\(_2\) are produced, which corresponds to:
\[
\text{Volume of O}_2 = \frac{3}{2} \times 22.4 \, \text{L} = 67.2 \, \text{L}.
\]
Step 3: Conclusion.
Thus, the correct answer is (D) 67.2 L, as this is the volume of oxygen gas produced at STP.