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Question 98

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Use the following to answer questions .
Exhibit: Aggregate Expenditures and Real GDP 2 Use the following to answer questions . Exhibit: Aggregate Expenditures and Real GDP 2 -(Exhibit: Aggregate Expenditures and Real GDP 2) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I<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
-(Exhibit: Aggregate Expenditures and Real GDP 2) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, IP = 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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