Please help q21 ### Question 21Refer to the information provided in Figure 8.9 below to answer the questions that follow.### Figure 8.9The diagram in Figure 8.9 depicts a graph with the following components:- **X-Axis:** This represents Aggregate Output in millions of dollars, with values marked at intervals of 100, ranging from 0 to 300.- **Y-Axis:** This represents Aggregate Expenditures in millions of dollars, with values marked at intervals of 25, ranging from 0 to 225.- **45° Line:** A 45-degree line extends diagonally from the origin (0,0) up to the highest values on the x and y axes, representing points where aggregate expenditures equal aggregate output.- **AE Line:** A second line labeled AE extends from below the 45° line on the left to above the 45° line on the right, indicating varying levels of aggregate expenditures relative to aggregate output.- **Intersection Point:** There is a highlighted point where the AE line intersects with the 45-degree line. The coordinates for the intersection point align with the values of approximately 200 on the x-axis and 200 on the y-axis, indicating that at this point, aggregate expenditures equal aggregate output.### Multiple Choice Question:Refer to Figure 8.9. $200 million is:- ☐ the break even income.- ☐ where saving equals aggregate expenditures.- ☐ where saving equals consumption.- ☐ the equilibrium income.

Aggregate expenditure is the sum of all expenditures made by individuals, firms and government…

QUESTION 21 Refer to the information provided in Figure 8.9 below to answer the questions that follow. AE 225 200 175 150 45° 100 200 300 Aggregate output ($ millions) Figure 8.9 Refer to Figure 8.9. $200 million is O the break even income. O where saving equals aggregate expenditures. O where saving equals consumption. O the equilibrium income. Aggregate expenditures (%$ millions)

QUESTION 21 Refer to the information provided in Figure 8.9 below to answer the questions that follow. AE 225 200 175 150 45° 100 200 300 Aggregate output ($ millions) Figure 8.9 Refer to Figure 8.9. $200 million is O the break even income. O where saving equals aggregate expenditures. O where saving equals consumption. O the equilibrium income. Aggregate expenditures (%$ millions)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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