ECONOMICS 1120121 - 17 $16million,$4million,unplanned $2million,$6million,andnetexport spendingis$1million. A $22million B $26million C $27million D $29m

ECONOMICS 1120121 - 17 $16million,$4million,unplanned...

This preview shows page 1 - 2 out of 5 pages.

17) Consumption spending is $16 million, planned investment spending is $4 million, unplannedinvestment spending is $2 million, government purchases are $6 million, and net exportspending is $1 million. What is aggregate expenditure?A) $22 millionB) $26 millionC) $27 millionD) $29 millionAnswer: C17)Page Ref: 773/391Learning Outcome: Macro-2: Explain the relationship between expenditure and income.18) Consumption spending is $5 million, planned investment spending is $8 million, unplannedinvestment spending is $2 million, government purchases are $10 million, and net exportspending is $2 million. What is GDP?18)Page Ref: 773/391Learning Outcome: Macro-12: Explain how monetary policy influences interest rates, aggregate demand, realGDP and inflation.19) Consumption spending is $22 million, planned investment spending is $7 million, actualinvestment spending is $7 million, government purchases are $9 million, and net exportspending is $3 million. Based on this information, which of the following is true?19)Page Ref: 773/391Learning Outcome: Macro-2: Explain the relationship between expenditure and income.20) At macroeconomic equilibrium,20)Page Ref: 773/391Learning Outcome: Macro-3: Identify and interpret key macroeconomic measures.21) When aggregate expenditure is more than GDP, which of the following is true?A) Households bought fewer new homes than they planned.B) There was an unplanned decrease in inventories.C) Firms spent less on capital goods than they planned.D) All of the above must be true when aggregate expenditure is more than GDP.Answer: B21)Page Ref: 774/392Learning Outcome: Macro-2: Explain the relationship between expenditure and income.4
Background image
Image of page 2

You've reached the end of your free preview.

Want to read all 5 pages?

  • Summer '19
  • Economics, aggregate expenditure, Prime number, Page Ref, Green Line

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture