Solved

Consumption Spending Is $5 Million,planned Investment Spending Is $8 Million,unplanned

Question 49

Multiple Choice

Consumption spending is $5 million,planned investment spending is $8 million,unplanned investment spending is $2 million,government purchases are $10 million,and net export spending is $2 million.What is aggregate expenditure?


A) $15 million
B) $23 million
C) $25 million
D) $27 million

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q44: Which is the smallest component of aggregate

Q45: If aggregate expenditure is more than GDP,then

Q46: Higher interest rates increase both consumption and

Q47: Figure 12-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 12-1

Q48: C = 2,550 + (MPC)Y<br>I = 800<br>G

Q50: Which of the following will cause a

Q51: If the consumption function is defined as

Q52: The aggregate expenditure model focuses on the

Q53: An increase in the price level in

Q54: When Javier's income increases by $5,000,he spends