-Refer to the above diagram for a private closed economy.At the $200 level of GDP:
A) consumption is $200 and planned investment is $50 so that aggregate expenditures are $250.
B) consumption is $200 and planned investment is $100 so that aggregate expenditures are $300.
C) consumption is $250 and actual investment is $50 so that aggregate expenditures are $300.
D) aggregate expenditures is equal to the GDP.

Question

-Refer to the above diagram for a private closed economy.At the $200 level of GDP:
A) consumption is $200 and planned investment is $50 so that aggregate expenditures are $250. 
B) consumption is $200 and planned investment is $100 so that aggregate expenditures are $300. 
C) consumption is $250 and actual investment is $50 so that aggregate expenditures are $300. 
D) aggregate expenditures is equal to the GDP.

Quizplus · Accepted Answer

At the $200 level of GDP, consumption is $200 and planned investment is $50, so aggregate expenditures are $250.

-Refer to the Above Diagram for a Private Closed Economy