Consumption spending is 22 million planned investment spending is 7 million

Consumption spending is 22 million planned investment

This preview shows page 3 - 4 out of 4 pages.

19) Consumption spending is $22 million, planned investment spending is $7 million, actualinvestment spending is $7 million, government purchases are $9 million, and net export spendingis $3 million. Based on this information, which of the following is true? A) Aggregate expenditure is equal to GDP.B) Aggregate expenditure is greater than GDP.C) There was an unplanned change in inventories.D) Aggregate expenditure is less than GDP.Answer: A19)Diff: 2Page Ref: 751/345Topic: Macroeconomic EquilibriumLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Analytic Skills 20) At macroeconomic equilibrium, 20)Diff: 2Page Ref: 751/345Topic: Macroeconomic EquilibriumLearning Outcome: Macro 3: Identify and interpret key macroeconomic measuresAACSB: Reflective Thinking 21) When aggregate expenditure is more than GDP, which of the following is true? 21)Diff: 2Page Ref: 752/346Topic: The Aggregate Expenditure ModelLearning Outcome: Macro 2: Explain the relationship between expenditure and incomeAACSB: Reflective Thinking 22) In a small economy in 2011, aggregate expenditure was $800 million while GDP that year was $850million. Which of the following can explain the difference between aggregate expenditure andGDP that year? 22)Diff: 2Page Ref: 752/346Topic: The Aggregate Expenditure Model Learning Outcome: Macro 2: Explain the relationship between expenditure and income AACSB: Analytic Skills 5
Background image
Image of page 4

You've reached the end of your free preview.

Want to read all 4 pages?

  • Spring '11
  • Lee
  • Economics, aggregate expenditure, AACSB, Page Ref

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes