Author Question: The above table gives data for the nation of South Hampton. There are no imports into or exports ... (Read 130 times)

OSWALD · **on:** Jun 29, 2018

The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. If real GDP is equal to 900 billion, then

A) aggregate planned expenditure is greater than real GDP.
B) aggregate planned expenditure will need to decrease to reach the equilibrium.
C) aggregate planned expenditure is less than real GDP.
D) this is the equilibrium level of real GDP.
E) aggregate planned expenditure is equal to real GDP.

Question 2

The table above presents the production possibilities frontier for a nation.

Using the information in the table, when moving from possibility C to D, the cost of 1 unit of a capital good in terms of the consumption goods forgone is ________ consumption goods per capital good.
A) 10
B) 25
C) 15
D) 20
E) an undefined amount of