Exhibit 9.1

-Refer to Exhibit 9.1, which shows the income-expenditure model. Which of the following best describes the situation at point B?
A) Consumption expenditure exceeds disposable income.
B) Real GDP exceeds aggregate expenditure.
C) Aggregate expenditure is exactly equal to real GDP.
D) Aggregate expenditure exceeds real GDP.
E) Producers experience an unexpected accumulation of inventory.

Question

Exhibit 9.1
 
-Refer to Exhibit 9.1, which shows the income-expenditure model. Which of the following best describes the situation at point B?
A) Consumption expenditure exceeds disposable income. 
B) Real GDP exceeds aggregate expenditure. 
C) Aggregate expenditure is exactly equal to real GDP. 
D) Aggregate expenditure exceeds real GDP. 
E) Producers experience an unexpected accumulation of inventory.

Quizplus · Accepted Answer

The Answer of Exhibit 9.1
 
-Refer to Exhibit 9.1, which shows the income-expenditure model. Which of the following best describes the situation at point B?
A) Consumption expenditure exceeds disposable income. 
B) Real GDP exceeds aggregate expenditure. 
C) Aggregate expenditure is exactly equal to real GDP. 
D) Aggregate expenditure exceeds real GDP. 
E) Producers experience an unexpected accumulation of inventory.

Exhibit 9.1 -Refer to Exhibit 9.1, Which Shows the Income-Expenditure Model. Which