Refer to the Table for a private closed economy and match the correct answer. Domestic Output or Income (GDP = DI) Consumption $ 540 $ 540 560 555 580 570 600 585 620 600 640 615 660 630 - v If planned investment is $25 billion, then aggregate expenditures at the income level of $560 billion will be A. Increase by $12 billion. . v If planned investment is $18 billion, then at the $660 billion level of disposable income, the unplanned B. $640. inventory will C. $580. D. Decrease by $12 billion E. Increase by $30 billion. F. Increase by $10 billion. G. $400.

Refer to the Table for a private closed economy and match the correct answer. Domestic Output or Income (GDP = DI) Consumption $ 540 $ 540 560 555 580 570 600 585 620 600 640 615 660 630 - v If planned investment is $25 billion, then aggregate expenditures at the income level of $560 billion will be A. Increase by $12 billion. . v If planned investment is $18 billion, then at the $660 billion level of disposable income, the unplanned B. $640. inventory will C. $580. D. Decrease by $12 billion E. Increase by $30 billion. F. Increase by $10 billion. G. $400.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter23: The Aggregate Expenditure Model

Section: Chapter Questions

Problem 1P

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