If consumption expenditures are $200 billion, total investment is $50 billion, government purchases are $40 billion, exports are $45 billion, imports are $40 billion, aggregate expenditures must be:
a. $275 billion.
b. $295 billion.
c. $320 billion.
d. $395 billion.
b
You might also like to view...
Which of the following is not a depository institution?
a. A commercial bank b. A thrift institution c. A pension fund d. A savings and loan institution e. A credit union
If government legislates a price floor that is below the equilibrium price
A. a shortage will develop. B. a black market will soon develop. C. a surplus will develop. D. market price and quantity sold will be unaffected.
If a manager multiplies the quantity sold by the price paid for each unit, the manager calculates:
A. total benefit. B. total revenue. C. total cost. D. total profit.
The M1 money supply is composed of:
A. All coins and paper money held by the general public and the banks B. Bank deposits of households and business firms C. Bank deposits and mutual funds D. Checkable deposits and currency in circulation