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 GDP?
A) $15 million
B) $23 million
C) $25 million
D) $27 million
E) $29 million
Correct Answer:
Verified
Q52: Firms in a small economy anticipated that
Q53: Consumption spending is $5 million, planned investment
Q54: Macroeconomic equilibrium occurs when
A)aggregate expenditure = GDP.
B)aggregate
Q55: When aggregate expenditure is less than GDP,
Q56: An unplanned decrease in inventories results in
A)a
Q58: At macroeconomic equilibrium, total _ equals total
Q59: Which of the following is not a
Q60: Consumption is $5 million, planned investment spending
Q61: A/an _ in taxes will decrease consumption
Q62: Which of the following will cause a
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