The Income-Expenditure ModelConsumption spending is $33 billion, ...

[jlbond23]

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

[reactx]

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[jlbond23]

YES! Correct, THANKS for helping me on my review

[dantucker]

Thanks for the timely response, appreciate it