### Aggregate Expenditure Component ValuesThe table below shows different components of aggregate expenditure in an economy. At the equilibrium level of Gross Domestic Product (GDP), saving equals _____.#### Table 9.2: Components of Aggregate Expenditure| Real GDP (Y) | Net Taxes (NT) | Disposable Income (Y - NT) | Consumption (C) | Saving (S) | Planned Investment (I) | Government Purchases (G) | Net Exports (X - M) | Planned Aggregate Expenditures (C + I + G + (X - M)) ||--------------|----------------|---------------------------|------------------|------------|------------------------|-------------------------|---------------------|-------------------------------------------------------|| 5.0 | 1.0 | 4.0 | 3.9 | 0.1 | 1.0 | 1.0 | -0.7 | 5.2 || 5.5 | 1.0 | 4.5 | 4.3 | 0.2 | 1.0 | 1.0 | -0.7 | 5.6 || 6.0 | 1.0 | 5.0 | 4.7 | 0.3 | 1.0 | 1.0 | -0.7 | 6.0 || 6.5 | 1.0 | 5.5 | 5.1 | 0.4 | 1.0 | 1.0 | -0.7 | 6.4 || 7.0 | 1.0 | 6.0 | 5.5 | 0.5 | 1.0 | 1.0 | -0.7 | 6.8 |#### Multiple Choice Question:The correct value of saving (S) at the equilibrium level of GDP is:- a. $0.2 trillion- b. $0.1 trillion- c. $0.3 trillion- d. $0.4 trillion- e. $0.5 trillion

The equilibrium level of income or the real GDP would be the total amount of the consumption,…

ns of Dollars) ing Planned Government Net Planned S) Investment Purchases Exports Aggregate (I) (G) (X – M) Expenditures C+I+G+(X-M) 1.0 5.2 1.1 .2 .3 1.4 1.0 -0.7 1.0 1.0 -0.7 5.6 1.0 1.0 -0.7 6.0 1.0 1.0 -0.7 6.4 10 10 07 68

ns of Dollars) ing Planned Government Net Planned S) Investment Purchases Exports Aggregate (I) (G) (X – M) Expenditures C+I+G+(X-M) 1.0 5.2 1.1 .2 .3 1.4 1.0 -0.7 1.0 1.0 -0.7 5.6 1.0 1.0 -0.7 6.0 1.0 1.0 -0.7 6.4 10 10 07 68

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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