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Figure 13-5 -Refer to Figure 13-5. Let Y = Real GDP, AE

Question 201

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Figure 13-5 Figure 13-5 -Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI<sub>P</sub> = Planned Investment. Consider a simple economy where AE = C + I<sub>P</sub>, and I<sub>P</sub> is autonomous. What is the value of AE when Y = $12,000 billion? A) $2,000 billion B) $8,000 billion C) $11,000 billion D) $12,000 billion
-Refer to Figure 13-5. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JIP = Planned Investment. Consider a simple economy where AE = C + IP, and IP is autonomous. What is the value of AE when Y = $12,000 billion?


A) $2,000 billion
B) $8,000 billion
C) $11,000 billion
D) $12,000 billion

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