Multiple Choice
-Refer to the above diagram for a private closed economy.At the $400 level of GDP:
A) aggregate expenditures exceed GDP with the result that GDP will rise.
B) consumption is $350 and planned investment is zero so that aggregate expenditures are $350.
C) consumption is $300 and planned investment is $50 so that aggregate expenditures are $350.
D) consumption is $300 and actual investment is $100 so that aggregate expenditures are $400.
Correct Answer:
Verified
Correct Answer:
Verified
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