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Use the following to answer questions .
Exhibit: Aggregate Expenditures and Real GDP 1 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<sub>P</sub> = Planned Investment. Suppose AE = C + I<sub>P</sub>. I<sub>P</sub> is autonomous and the consumption function is C = $1,000 billion + 0.5Y. What is the amount of consumption when real GDP is $6,000 billion? A)  1,000 billion B)  2,000 billion C)  3,000 billion D)  4,000 billion
-(Exhibit: Aggregate Expenditures and Real GDP 1) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, IP = Planned Investment. Suppose AE = C + IP. IP is autonomous and the consumption function is C = $1,000 billion + 0.5Y. What is the amount of consumption when real GDP is $6,000 billion?

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Definitions:

Object Permanence

The acknowledgment that objects keep their presence, unaffected by their immediate invisibility or inaudibility to human senses.

Self-reliant

The ability to rely on one's own capabilities, resources, and judgments to meet one's needs without external assistance.

Insecurely Attached

A term from attachment theory describing individuals who have difficulties forming healthy emotional bonds and tend to have trust issues in relationships.

Family Rules

Guidelines set by families to regulate behaviors, establish norms, and maintain order within the household.

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