Refer to the information provided in Table 8.10 below to answer the questions that follow.
Table 8.10
-Refer to Table 8.10. At an aggregate output level of $2,000 million, planned expenditure equals
A) $2,200.
B) $2,500.
C) $2,700.
D) $4,700.

Question

Refer to the information provided in Table 8.10 below to answer the questions that follow.
Table 8.10 
-Refer to Table 8.10. At an aggregate output level of $2,000 million, planned expenditure equals
A) $2,200. 
B) $2,500. 
C) $2,700. 
D) $4,700.

Quizplus · Accepted Answer

Planned expenditure equals aggregate output when the economy is in equilibrium. In this case, at an aggregate output level of $2,000 million, planned expenditure is $2,200 million.

Refer to the Information Provided in Table 8