In a two-sector economy, AggregateExpenditure (AE) equalsSelect one:A. C +1+GВ. СC. C +|+ G + (X-M)D. C +|Given the following data GDP = RM11,920billion; investment = RM 2,100 billion;government purchases = RM 3,450 billion.What does consumption equal?Select one:A. RM 6370 billion.B. RM 2100 billion.C. RM 9820 billion.D. RM 8470 billion.When income is equal to zero, consumption isequal toSelect one:A. endogenous consumptionB. autonomous consumptionC. aggregate consumptionD. induced consumption

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In a two-sector economy, Aggregate Expenditure (AE) equals

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

In a two-sector economy, Aggregate
Expenditure (AE) equals
Select one:
A. C +1+G
В. С
C. C +|+ G + (X-M)
D. C +|
Given the following data GDP = RM11,920
billion; investment = RM 2,100 billion;
government purchases = RM 3,450 billion.
What does consumption equal?
Select one:
A. RM 6370 billion.
B. RM 2100 billion.
C. RM 9820 billion.
D. RM 8470 billion.
When income is equal to zero, consumption is
equal to
Select one:
A. endogenous consumption
B. autonomous consumption
C. aggregate consumption
D. induced consumption

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