Refer to the table shown here. What is the level of aggregate expenditure in the economy?
$$\begin{array} { | l | r | }
\hline \text { Consumption } & \text { \$136 billion } \
\hline \text { Investment } & \$ 108 \text { billion } \
\hline \text { Government spending } & \$ 79 \text { billion } \
\hline \text { Exports } & \$ 52 \text { billion } \
\hline \text { Imports } & \$ 47.8 \text { billion } \
\hline
\end{array}$$
A)$136 billion
B)$327.2 billion
C)$323 billion
D)$318.8 billion

Question

Refer to the table shown here. What is the level of aggregate expenditure in the economy?
$$\begin{array} { | l | r | } 
\hline \text { Consumption } & \text { \$136 billion } \
\hline \text { Investment } & \$ 108 \text { billion } \
\hline \text { Government spending } & \$ 79 \text { billion } \
\hline \text { Exports } & \$ 52 \text { billion } \
\hline \text { Imports } & \$ 47.8 \text { billion } \
\hline
\end{array}$$
A)$136 billion
B)$327.2 billion
C)$323 billion
D)$318.8 billion

Quizplus · Accepted Answer

Aggregate expenditure is the total spending in an economy. It is calculated by adding up consumption, investment, government spending, and exports, and then subtracting imports. In this case, aggregate expenditure is $136 billion + $108 billion + $79 billion + $52 billion - $47.8 billion = $327.2 billion.

Refer to the Table Shown Here A)$136 Billion B)$327

Refer to the Table Shown Here A)$136 Billion
B)$327