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1. Refer to Table 9.1. At an output level of $800 billion, the level of aggregate expenditure is   Group of answer choices $1,100 billion. $1,000 billion. $1,900 billion. $700 billion.       2. Refer to Table 9.1. At an output level of $1,200 billion, there is an unplanned inventory change of   Group of answer choices zero. negative $100 billion. positive $300 billion. positive $100 billion.

1. Refer to Table 9.1. At an output level of $800 billion, the level of aggregate expenditure is   Group of answer choices $1,100 billion. $1,000 billion. $1,900 billion. $700 billion.       2. Refer to Table 9.1. At an output level of $1,200 billion, there is an unplanned inventory change of   Group of answer choices zero. negative $100 billion. positive $300 billion. positive $100 billion.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section15.3: The Components Of Gdp
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1. Refer to Table 9.1. At an output level of $800 billion, the level of aggregate expenditure is  
Group of answer choices
$1,100 billion.
$1,000 billion.
$1,900 billion.
$700 billion.
 
 
 
2. Refer to Table 9.1. At an output level of $1,200 billion, there is an unplanned inventory change of  
Group of answer choices
zero.
negative $100 billion.
positive $300 billion.
positive $100 billion.
 
 
 
 
 
Output Consumption (Income) Spending 400 400 800 700 1,200 1,000 1,600 1,300 2.000 1,600 All Numbers are in $ Billion Net Taxes 100 100 100 100 100 Investment Government Spending Spending 200 100 200 100 200 100 200 100 200 100
Transcribed Image Text:Output Consumption (Income) Spending 400 400 800 700 1,200 1,000 1,600 1,300 2.000 1,600 All Numbers are in $ Billion Net Taxes 100 100 100 100 100 Investment Government Spending Spending 200 100 200 100 200 100 200 100 200 100
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