Consumption per period (trillions of dollars) $6 Consumption 3 1 2 3 4 5 6 7 8 9 10 Real GDP per period disposable personal income per period (trillions of dollars) Reference: Ref 11(26)-1 Figure: Consumption and Real GDP (Figure: Consumption and Real GDP) Use Figure: Consumption and Real GDP. If real GDP is $4 trillion, consumption is trillion.

Consumption per period (trillions of dollars) $6 Consumption 3 1 2 3 4 5 6 7 8 9 10 Real GDP per period disposable personal income per period (trillions of dollars) Reference: Ref 11(26)-1 Figure: Consumption and Real GDP (Figure: Consumption and Real GDP) Use Figure: Consumption and Real GDP. If real GDP is $4 trillion, consumption is trillion.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 1.1P

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