ECONOMICS 1120122 - 43 Consumptionis$5million,$8million,governmentpurchases are$10million,$2million. equalto$23million, A

ECONOMICS 1120122 - 43...

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43) Consumption is $5 million, planned investment spending is $8 million, government purchasesare $10 million, and net exports are equal to $2 million. If GDP during that same time period isequal to $23 million, what unplanned changes in inventories occurred?A) There was an unplanned increase in inventories equal to $2 million.B) There was an unplanned decrease in inventories equal to $19 million.C) There was no unplanned change in inventories.D) There was an unplanned decrease in inventories equal to $2 million.Answer: D43)Page Ref: 773-774/391-392Learning Outcome: Macro-2: Explain the relationship between expenditure and income.44) 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 aggregate expenditure?44)Page Ref: 772-773/390-391Learning Outcome: Macro-2: Explain the relationship between expenditure and income.45) Consumption spending is $5 million, planned investment spending is $8 million, unplannedinvestmentspending is-$2 million, government purchases are $10 million, and net export spending is $2million. What is GDP?45)Page Ref: 772-773/390-391Learning Outcome: Macro-2: Explain the relationship between expenditure and income.46) Consumption spending is $5 million, planned investment spending is $8 million, actualinvestment spending is $8 million, government purchases are $10 million, and net exportspending is $2 million. Based on this information, which of the following is true?46)Page Ref: 772-773/390-391Learning Outcome: Macro-2: Explain the relationship between expenditure and income.47) At macroeconomic equilibrium, total ________ equals total ________.A) spending; productionB) investment; inventoriesC) taxes; transfersD) consumption; productionAnswer: A47)Page Ref: 773/391Learning Outcome: Macro-8: Investigate the relationship between income and expenditures.9
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  • Economics, aggregate expenditure, Prime number, Page Ref, Latvia

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