Table 9.1 All Numbers are in $ Billion Output Consumption Net Investment Government (Income) Spending Taxes Spending Spending 400 400 100 200 100 800 700 100 200 100 1,200 1,000 100 200 100 1,600 1,300 100 200 100 2,000 1,600 100 200 100 18) Refer to Table 9.1. At an output level of $1,200 billion, the level of aggregate expenditure is A) $1,000 billion. B) $1,200 billion. C) $1,300 billion. D) $1,400 billion.

Table 9.1 All Numbers are in $ Billion Output Consumption Net Investment Government (Income) Spending Taxes Spending Spending 400 400 100 200 100 800 700 100 200 100 1,200 1,000 100 200 100 1,600 1,300 100 200 100 2,000 1,600 100 200 100 18) Refer to Table 9.1. At an output level of $1,200 billion, the level of aggregate expenditure is A) $1,000 billion. B) $1,200 billion. C) $1,300 billion. D) $1,400 billion.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 12PA

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