Multiple Choice
Figure 13-6
-Refer to Figure 13-6. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JIP = Planned Investment, G = Government Purchases. Further, IP and G are autonomous. If real GDP produced is $4,000, what is the amount of aggregate expenditures?
A) AE = $4,800 billion
B) AE = $4,000 billion
C) AE = $2,800 billion
D) AE = $2,000 billion
Correct Answer:
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