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QUESTION 13 5 point Two lines, A and B, intersect a 45 degree line on the Private Spending versus GDP graph below. At which GDP value (in billions) does line B intersect the 45 degree line? 430 420 410 400 390 E 380 5 370 45 370 380 390 400 410 420 430 GDP (in billions of dollars) 390 400 410 420QUESTION 14 5 points The slope of a line refers to the place where the line intersects the x-axis the placc wherc the linc intersccts the v-axis a value representing the rate of change of one variable when compared to another a valuc that represents the distance betwcen both the x and y axes and a point on the line QUESTION 15 5 points Compute the slope of the Saving vs. Disposable Income line below 16 14 8 12 n10 8 6 0 390 400 410 420 430 440 450 Disposable Income (in thousands of dollars) -4 25 4.

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Answer #1

13)410 is answer because diagram equilibrium occurs where the aggregate expenditure line crosses the 45-degree line, which represents aggregate expenditure in the economy is equal to output( national income.)

The output expenditure model determines Equilibrium level of real gross domestic product(GDP) is the point where the total or aggregate expenditures in the economy are equal to the amount of output produced.

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