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Author Question: The Income-Expenditure ModelConsumption spending is $33 billion, planned investment spending is $15 ... (Read 83 times)

jlbond23

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on: Nov 23, 2022

Question 1

The Income-Expenditure Model

If planned aggregate expenditures are $410 billion, consumption spending is $340 billion, investment spending is $90 billion, and government purchases are $60 billion, there is a ________.
◦ trade balance
◦ trade deficit of $80 billion
◦ trade surplus of $80 billion
◦ trade deficit of $900 billion

Question 2

The Income-Expenditure Model

Consumption spending is $33 billion, planned investment spending is $15 billion, unplanned investment spending is $10 billion, government purchases are $9 billion, and net export spending is -$1 billion. What is aggregate expenditure?
◦ $56 billion
◦ $58 billion
◦ $66 billion
◦ $46 billion
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jlbond23 on Nov 23, 2022

reactx

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Reply #1 on: Nov 23, 2022
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jlbond23

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Reply 2 on: Nov 23, 2022
Gracias!

Joy Chen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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