-Refer to the above diagram for a private closed economy.At the $400 level of GDP:
A) aggregate expenditures exceed GDP with the result that GDP will rise.
B) consumption is $350 and planned investment is zero so that aggregate expenditures are $350.
C) consumption is $300 and planned investment is $50 so that aggregate expenditures are $350.
D) consumption is $300 and actual investment is $100 so that aggregate expenditures are $400.

Question

-Refer to the above diagram for a private closed economy.At the $400 level of GDP:
A) aggregate expenditures exceed GDP with the result that GDP will rise. 
B) consumption is $350 and planned investment is zero so that aggregate expenditures are $350. 
C) consumption is $300 and planned investment is $50 so that aggregate expenditures are $350. 
D) consumption is $300 and actual investment is $100 so that aggregate expenditures are $400.

Quizplus · Accepted Answer

Consumption is $300 and planned investment is $50 so that aggregate expenditures are $350.

-Refer to the Above Diagram for a Private Closed Economy