Consumption spending is $6 million, planned investment spending is $8 million, unplanned investment spending is -$2 million, government purchases are $10 million, and net export spending is $2 million. What is the GDP?
A) $15 million
B) $22 million
C) $25 million
D) $27 million
Correct Answer:
Verified
Q4: At macroeconomic equilibrium, total _ equals total
Q7: Household spending on goods and services is
Q8: 'Investment spending' does not include:
A)spending on consumer
Q8: The aggregate expenditure model focuses on the
Q10: Macroeconomic equilibrium occurs when:
A)aggregate expenditure = GDP.
B)aggregate
Q11: The key idea of the aggregate expenditure
Q11: Consumption spending is $6 million, planned investment
Q22: Consumption spending refers to _ spending on
Q29: Which of the following is not one
Q33: Actual investment spending includes spending by consumers
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