When real GDP is $4 trillion, aggregate planned expenditure is $trillion.Autonomous expenditure is $ trillion.Induced expenditure is $ trillion. The table gives the components of aggregate expenditure.ConsumptionReal GDP expenditureGovernmentInvestmentexpenditure Exports Imports1400.3(trillions of 2012 dollars)0.20.20.802.30.20.20.80.3When real GDP is $4 trillion, what are aggregate planned expenditure, autonomous expenditure, and induced expenditure?>>> Answer to 1 decimal place.

Aggregate expenditure refers to total spending in economy which comprises of spending on final goods…

Answered: When real GDP is $4 trillion, aggregate…

When real GDP is $4 trillion, aggregate planned expenditure is $ trillion. Autonomous expenditure is $ trillion. Induced expenditure is $ trillion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

When real GDP is $4 trillion, aggregate planned expenditure is $
trillion.
Autonomous expenditure is $ trillion.
Induced expenditure is $ trillion.

The table gives the components of aggregate expenditure.
Consumption
Real GDP expenditure
Government
Investment
expenditure Exports Imports
14
0
0.3
(trillions of 2012 dollars)
0.2
0.2
0.8
0
2.3
0.2
0.2
0.8
0.3
When real GDP is $4 trillion, what are aggregate planned expenditure, autonomous expenditure, and induced expenditure?
>>> Answer to 1 decimal place.

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Step 4: Determine induced expenditure

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