Refer to the information provided in Table 24.2 below to answer the question(s) that follow.
Table 24.2
-Refer to Equation 24.1. At the equilibrium level of output in Italy, consumption equals

Question

Refer to the information provided in Table 24.2 below to answer the question(s) that follow.
Table 24.2 
-Refer to Equation 24.1. At the equilibrium level of output in Italy, consumption equals

Quizplus · Accepted Answer

At the equilibrium level of output, planned aggregate expenditure equals actual aggregate expenditure. In this case, planned aggregate expenditure is equal to consumption, which is $3,100.

Refer to the Information Provided in Table 24