Difficulty: Medium Figure 13-4

question 117

Multiple Choice

Difficulty: Medium Figure 13-4
-Refer to Figure 13-4. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, JI_P = Planned Investment. Suppose AE = C + I_P. I_P is autonomous and the consumption function is C = $1,000 billion + 0.5Y. If real GDP = $7,000 billion, what is the amount of aggregate expenditures?

• A) $6,000 billion
• B) $6,500 billion
• C) $7,000 billion
• D) $7,500 billion

---

Definitions:

Allele

One of two or more alternative forms of a gene that arise by mutation and are found at the same place on a chromosome.

Sickle-cell Anemia

A genetic blood disorder caused by the presence of an abnormal form of hemoglobin, leading to misshapen red blood cells.

Frequencies

The rate at which a repeating event occurs, such as the number of cycles of a wave per second in physics or the occurrence of a gene variant within a population in genetics.

Sickle-cell Anemia

A hereditary blood disorder characterized by abnormal, sickle-shaped red blood cells, resulting in chronic anemia and other health issues.