Table 12-2 Real GDP Consumption Planned Investment Government Purchases Net Exports $2,000 $1,600 $250 $250 $100...

Question

Question

Table 12-2

Refer to Table 12-2. Using the table above,

A-compute aggregate expenditure

B- identify the macroeconomic equilibrium.

Answer 1

Answer #1

a). Aggregate expenditure is the sum of consumption expenditure, investment expenditure, government expenditure and net exports.

.

b).The macro equilibrium occurs at 3000 level of real GDP. The equilibrium occurs when the aggregate expenditures equals the real GDP.

Answer 2

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