Table 1All Numbers are in $ BillionOutput Consumption(Income) SpendingNetTaxesInvestment GovernmentSpending Spending2004004001001008007001002001001,2001,6002,0001,0001,3001,600100200100100200100100200100Refer to Tablel above. At an output level of $1,200 billion, the level of aggregate expenditure isLütfen birini seçin:O A. $1,200 billionO B $1,400 billionO C. $1,300 billionO D. $1,100 billionO E $1,000 billion.

Aggregate expenditure is calculated using the formula C+I+G+(X-M) C is consumption I is investment G…

All Numbers are in $ Billion Output Consumption (Income) Spending 400 700 Net Investment Government Spending Spending 100 100 Taxes 400 100 100 200 800 200 200 1,200 1,600 2,000 1,000 100 100 1,300 100 200 100 1,600 100 200 100 Refer to Tablel above. At an output level of $1,200 billion, the level of aggregate expenditure is Lütfen birini seçin: O A. $1,200 billion O B. $1.400 billion O C. $1,300 billion O D. $1,100 billion O E. $1,000 billion.

All Numbers are in $ Billion Output Consumption (Income) Spending 400 700 Net Investment Government Spending Spending 100 100 Taxes 400 100 100 200 800 200 200 1,200 1,600 2,000 1,000 100 100 1,300 100 200 100 1,600 100 200 100 Refer to Tablel above. At an output level of $1,200 billion, the level of aggregate expenditure is Lütfen birini seçin: O A. $1,200 billion O B. $1.400 billion O C. $1,300 billion O D. $1,100 billion O E. $1,000 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose that the level of GDP increased by $100 billion in an economy where the marginal propensity to consume is 0.5. The initial change in spending must have been: O $5 billion O $100 billion O $50 billion O $500 billion
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The crowding-out effect is the tendency for a government budget deficit to raise the and investment. O A. price level; increase O B. real interest rate; decrease O C. quantity of output; increase O D. real wage rate; decrease Click to select your answer. 888 :二。 F7 F6
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