-In the above figure, induced expenditure is equal to $2 trillion at point

Question

Quizplus · Accepted Answer

Induced expenditure refers to the portion of spending that varies with income levels. At point c, the graph would typically show a level of expenditure that directly responds to changes in income, distinguishing it from autonomous expenditure, which is independent of income. Without seeing the actual graph, this explanation applies to standard economic models where the concept of induced expenditure is used.

-In the Above Figure, Induced Expenditure Is Equal to $2