The aggregate expenditure for a simple economy in 2016 was $9 million. The table below shows spending data from 2017 2019 for the same economy. What is the average annual growth rate in aggregate expenditure during this time period? 2017 2018 2019 Consumption $5,100,000 $1,980,000 $400,000 $5,200,000 $2,370,000 $600,000 $2,400,000 $5,000,000 $2,120,000 $500,000 $2,500,000 Actual Investment Unplanned Investment Gov't Spending on Goods/Services $2,500,000 Gov't Spending on Transfer Payments $300,000 $400,000 $500,000 Total Exports $2,000,000 $2,200,000 $2,300,000 Total Imports $700,000 $800,000 $900,000 Select one: O a. 7.44% O b. -4.81% O D.i..

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The aggregate expenditure for a simple economy in 2016 was $9 million. The table below shows spending data from 2017-
2019 for the same economy. What is the average annual growth rate in aggregate expenditure during this time period?
2017
2018
2019
Consumption
$5,100,000
$5,200,000
$1,980,000
$400,000
Gov't Spending on Goods/Services $2,500,000
$2,370,000
$600,000
$2,400,000
$5,000,000
$2,120,000
$500,000
$2,500,000
$500,000
Actual Investment
Unplanned Investment
$300,000
$400,000
Gov't Spending on Transfer Payments
Total Exports
Total Imports
$2,000,000
$2,200,000
$800,000
$2,300,000
$700,000
$900,000
Select one:
O a. 7.44%
O b. -4.81%
O c. I'll take 2 Points
O d. 3.87%
O e. 5.63%
O f. 7.35%
O g. 4.22%
O h. 1.49%
Transcribed Image Text:The aggregate expenditure for a simple economy in 2016 was $9 million. The table below shows spending data from 2017- 2019 for the same economy. What is the average annual growth rate in aggregate expenditure during this time period? 2017 2018 2019 Consumption $5,100,000 $5,200,000 $1,980,000 $400,000 Gov't Spending on Goods/Services $2,500,000 $2,370,000 $600,000 $2,400,000 $5,000,000 $2,120,000 $500,000 $2,500,000 $500,000 Actual Investment Unplanned Investment $300,000 $400,000 Gov't Spending on Transfer Payments Total Exports Total Imports $2,000,000 $2,200,000 $800,000 $2,300,000 $700,000 $900,000 Select one: O a. 7.44% O b. -4.81% O c. I'll take 2 Points O d. 3.87% O e. 5.63% O f. 7.35% O g. 4.22% O h. 1.49%
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