Refer to the information provided in Table 9.2 below to answer the questions that follow.
Table 9.2
-Refer to Table 9.2. At an output level of $2,500, the level of aggregate expenditure is ________ billion.

Question

Refer to the information provided in Table 9.2 below to answer the questions that follow.
Table 9.2 
-Refer to Table 9.2. At an output level of $2,500, the level of aggregate expenditure is ________ billion.

Quizplus · Accepted Answer

At an output level of $2,500, aggregate expenditure is equal to the sum of consumption, investment, government spending, and net exports. From the table, we can see that consumption is $1,500, investment is $100, government spending is $400, and net exports are -$200. Adding these up, we get $1,500 + $100 + $400 - $200 = $1,800 billion. However, this only represents domestic aggregate expenditure. To get total aggregate expenditure, we need to add exports, which are $400, and subtract imports, which are $200. This gives us a total aggregate expenditure of $2,200 billion.

Refer to the Information Provided in Table 9