Consumption spending is $5 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 aggregate expenditure?
A) $15 million
B) $23 million
C) $25 million
D) $27 million
E) $29 million
Correct Answer:
Verified
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Q48: If planned investment is equal to actual
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Q51: If aggregate expenditure is greater than GDP,
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Q53: Consumption spending is $5 million, planned investment
Q54: Macroeconomic equilibrium occurs when
A)aggregate expenditure = GDP.
B)aggregate
Q55: When aggregate expenditure is less than GDP,
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