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At an output level of $1,500 billion, the level of aggregate expenditure is billion OA. $1,300 OB. $1,400 C. $1,500 OD. $1,600

At an output level of $1,500 billion, the level of aggregate expenditure is billion OA. $1,300 OB. $1,400 C. $1,500 OD. $1,600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Planned Government Investment Purchases Consumption Output Net (Income) Taxes Spending Spending Y T 0 I 500 100 300 300 100 1,000 100 600 300 100 1,500 100 900 300 100 2,000 100 1,200 300 100 2,500 100 1,500 300 100 At an output level of $1,500 billion, the level of aggregate expenditure is billion OA. $1,300 OB. $1,400 OC. $1,500 OD. $1,600
Transcribed Image Text:Planned Government Investment Purchases Consumption Output Net (Income) Taxes Spending Spending Y T 0 I 500 100 300 300 100 1,000 100 600 300 100 1,500 100 900 300 100 2,000 100 1,200 300 100 2,500 100 1,500 300 100 At an output level of $1,500 billion, the level of aggregate expenditure is billion OA. $1,300 OB. $1,400 OC. $1,500 OD. $1,600
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