Refer to the table shown here. What is the level of aggregate expenditure in the economy?
$$\begin{array} { | l | r | }
\hline \text { Consumption } & \multicolumn{1}{|c|} { \$ 179 \text { billion } } \
\hline \text { Investment } & \$ 113 \text { billion } \
\hline \text { Government spending } & \$ 81 \text { billion } \
\hline \text { Net Exports } & - \$ 36 \text { billion } \
\hline
\end{array}$$
A)$409 billion
B)$337 billion
C)$373 billion
D)$179 billion

Question

Refer to the table shown here. What is the level of aggregate expenditure in the economy?
$$\begin{array} { | l | r | } 
\hline \text { Consumption } & \multicolumn{1}{|c|} { \$ 179 \text { billion } } \
\hline \text { Investment } & \$ 113 \text { billion } \
\hline \text { Government spending } & \$ 81 \text { billion } \
\hline \text { Net Exports } & - \$ 36 \text { billion } \
\hline
\end{array}$$
A)$409 billion
B)$337 billion
C)$373 billion
D)$179 billion

Quizplus · Accepted Answer

Aggregate expenditure is the sum of consumption, investment, government spending, and net exports. Here, it is $179 billion + $113 billion + $81 billion - $36 billion = $337 billion.

Refer to the Table Shown Here A)$409 Billion B)$337 Billion C)$373 Billion D)$179 Billion

Refer to the Table Shown Here A)$409 Billion
B)$337 Billion
C)$373 Billion
D)$179 Billion