A10 Use the blue points (circle symbol) to plot the aggregate expenditures line for this economy. Line segments will automatically connect the points.1000900AE line800Equilibrium GDP700600500400REAL AGGREGATE EXPENDITURES (Billions of dollars)400500500700800REAL GDP (Billions of dollars)9001000 1. Aggregate expenditures and IncomeThe following table shows consumption (C), Investment (1), government spending (G), and net exports (X-M) in a hypothetical economy for variouslevels of real GDP (Y). Assume that the price level remains unchanged at all levels of income. All figures are in billions of dollars.Compute aggregate expenditures for each income level and fill in the last column In the following table.Yс1X-M Aggregate Expenditures500 300 150 200-100600 350150 200 -100700 400 150200-100800450 150 200-100900 500 150 200-100The following graph shows real GDP on the horizontal axis and aggregate expenditures (AE) on the vertical axis. The orange line (square symbols)represents a 45-degree (Y=AE) line.Use the blue points (circle symbol) to plot the aggregate expenditures line for this economy. Line segments will automatically connect the points,

Aggregate expenditure is the total consumption of final goods during an accounting year. AE=…

Use the blue points (circle symbol) to plot the aggregate expenditures line for this economy. Line segments will automatically connect the points. ? 1000 900 AE line Equilibrium GDP REAL AGGREGATE EXPENDITURES (Billions of dollars) B00 700 600 500 400 400 500 500 7001 800 REAL GDP (Billions of dollars) 900 1000

Use the blue points (circle symbol) to plot the aggregate expenditures line for this economy. Line segments will automatically connect the points. ? 1000 900 AE line Equilibrium GDP REAL AGGREGATE EXPENDITURES (Billions of dollars) B00 700 600 500 400 400 500 500 7001 800 REAL GDP (Billions of dollars) 900 1000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A10

Use the blue points (circle symbol) to plot the aggregate expenditures line for this economy. Line segments will automatically connect the points.
1000
900
AE line
800
Equilibrium GDP
700
600
500
400
REAL AGGREGATE EXPENDITURES (Billions of dollars)
400
500
500
700
800
REAL GDP (Billions of dollars)
900
1000

1. Aggregate expenditures and Income
The following table shows consumption (C), Investment (1), government spending (G), and net exports (X-M) in a hypothetical economy for various
levels of real GDP (Y). Assume that the price level remains unchanged at all levels of income. All figures are in billions of dollars.
Compute aggregate expenditures for each income level and fill in the last column In the following table.
Y
с
1
X-M Aggregate Expenditures
500 300 150 200
-100
600 350
150 200 -100
700 400 150
200
-100
800
450 150 200
-100
900 500 150 200
-100
The following graph shows real GDP on the horizontal axis and aggregate expenditures (AE) on the vertical axis. The orange line (square symbols)
represents a 45-degree (Y=AE) line.
Use the blue points (circle symbol) to plot the aggregate expenditures line for this economy. Line segments will automatically connect the points,

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