-The above table gives data for the nation of South Hampton.There are no imports into or exports from South Hampton.Aggregate planned expenditure is less than actual expenditure if real GDP is
A)more than $700 billion.
B)at the equilibrium level.
C)less than $700 billion.
D)$700 billion.
E)Both answers A and C are correct.

Question

-The above table gives data for the nation of South Hampton.There are no imports into or exports from South Hampton.Aggregate planned expenditure is less than actual expenditure if real GDP is
A)more than $700 billion. 
B)at the equilibrium level. 
C)less than $700 billion. 
D)$700 billion. 
E)Both answers A and C are correct.

Quizplus · Accepted Answer

When real GDP is more than $700 billion, aggregate planned expenditure is less than actual expenditure, indicating that the economy is producing more than what is being planned to be spent.

-The Above Table Gives Data for the Nation of South