15. Last year in Vandanica, consumption expenditure was $20 billion, interest, rent and profit were $2.5 billion, government expenditure on goods and services was $7 billion, net exports of goods and services was $5 billion, and investment was $2 billion. Hence total expenditure was A) $34 billion. B) $36.5 billion. C) $34.5 billion. D) $24.5 billion

15. Last year in Vandanica, consumption expenditure was $20 billion, interest, rent and profit were $2.5 billion, government expenditure on goods and services was $7 billion, net exports of goods and services was $5 billion, and investment was $2 billion. Hence total expenditure was A) $34 billion. B) $36.5 billion. C) $34.5 billion. D) $24.5 billion

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 4.8P

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Question

macroeconomics gdp

15. Last year in Vandanica, consumption expenditure was $20 billion, interest, rent and
profit were $2.5 billion, government expenditure on goods and services was $7 billion,
net exports of goods and services was $5 billion, and investment was $2 billion. Hence
total expenditure was
A) $34 billion.
B) $36.5 billion.
C) $34.5 billion.
D) $24.5 billion

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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