Use the table below to answer the following questions.
Table 27.3.1
The following table shows the relationship between aggregate planned
expenditure and real GDP in the hypothetical economy of Econoworld.

-Refer to Table 27.3.1. Autonomous expenditure is
A)$100 billion.
B)$125 billion.
C)$50 billion.
D)$500 billion.
E)zero.

Question

Use the table below to answer the following questions.
Table 27.3.1
The following table shows the relationship between aggregate planned
expenditure and real GDP in the hypothetical economy of Econoworld.
 
-Refer to Table 27.3.1. Autonomous expenditure is
A)$100 billion. 
B)$125 billion. 
C)$50 billion. 
D)$500 billion. 
E)zero.

Quizplus · Accepted Answer

Autonomous expenditure is the level of expenditure that occurs when income is zero. In the context of the table, it is typically represented by the intercept of the consumption function, which is $100 billion.

Use the Table Below to Answer the Following Questions