$$\begin{array} { | l | l | }
\hline \begin{array} { l }
\text { Real GDP } \
\text { (trillions of 2005 } \
\text { dollars) }
\end{array} & \begin{array} { l }
\text { A ggregate } \
\text { expenditure } \
\text { (trillions of 2005 } \
\text { dollars) }
\end{array} \
\hline 0 & 0.3 \
\hline 1.0 & 1.2 \
\hline 2.0 & 2.1 \
\hline 3.0 & 3.0 \
\hline 4.0 & 3.9 \
\hline 5.0 & 4.8 \
\hline
\end{array}$$
-In the above table, equilibrium expenditure is
A) $0.3 trillion.
B) $4.8 trillion.
C) $3.0 trillion.
D) None of the above answers are correct.

Question

$$\begin{array} { | l | l | } 
\hline \begin{array} { l } 
\text { Real GDP } \
\text { (trillions of 2005 } \
\text { dollars) }
\end{array} & \begin{array} { l } 
\text { A ggregate } \
\text { expenditure } \
\text { (trillions of 2005 } \
\text { dollars) }
\end{array} \
\hline 0 & 0.3 \
\hline 1.0 & 1.2 \
\hline 2.0 & 2.1 \
\hline 3.0 & 3.0 \
\hline 4.0 & 3.9 \
\hline 5.0 & 4.8 \
\hline
\end{array}$$
-In the above table, equilibrium expenditure is
A) $0.3 trillion.
B) $4.8 trillion.
C) $3.0 trillion.
D) None of the above answers are correct.

Quizplus · Accepted Answer

Equilibrium expenditure occurs where real GDP equals aggregate expenditure, which is at $3.0 trillion.

-In the Above Table, Equilibrium Expenditure Is A) $0

-In the Above Table, Equilibrium Expenditure Is
A) $0