Use the Following to Answer Questions

question 87

Multiple Choice

Use the following to answer questions .
Exhibit: Aggregate Expenditures and Real GDP 1
-(Exhibit: Aggregate Expenditures and Real GDP 1) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I_P = Planned Investment. Suppose AE = C + I_P, and I_P is autonomous. What is the value of AE when Y = $12,000 billion?

• A) $6,000 billion
• B) $9,000 billion
• C) $12,000 billion
• D) $15,000 billion

---

Definitions:

Tibia

The larger and stronger of the two bones in the lower leg, commonly referred to as the shinbone.

Fibula

A thin, elongated bone situated on the outer aspect of the tibia, within the lower portion of the leg.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone, also known as the collarbone.

Radial Notch

A depression or groove on the ulna bone that articulates with the head of the radius to form part of the elbow joint.