Ask Question
12 August, 03:37

Consumption spending is $22 million, planned investment spending is $7 million, actual investment spending is $7 million, government purchases are $9 million, and net export spending is $3 million. Based on this information, which of the following is true?

A. Aggregate expenditure is equal to GDP.

B. Aggregate expenditure is less than GDP.

C. Aggregate expenditure is greater than GDP.

D. There was an unplanned change in inventories.

+2
Answers (1)
  1. 12 August, 04:55
    0
    Aggregate expenditure is equal to GDP.

    Explanation:

    Aggregate expenditure = Consumption + investment + Government Spending + Net Export

    = $22 + $7 + $9 + $3 = $41 million

    ĢDP = $22 + $7 + $9 + $3 = $41 million

    Unplanned changes in inventory = Actual inventory - planned inventory

    $7 - $7 million = $0
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Consumption spending is $22 million, planned investment spending is $7 million, actual investment spending is $7 million, government ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers