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Exhibit: Aggregate Expenditures and Real GDP 2
-(Exhibit: Aggregate Expenditures and Real GDP 2) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, IP = Planned Investment. Consider a simple economy where AE = C + IP, and IP is autonomous. What is the value of AE when Y = $12,000 billion?
Married
Married refers to the state of being united to someone in a legal or recognized social bond, typically as a spouse in a consensual and contractual relationship.
Single-Person Households
Living arrangements where an individual resides alone in a dwelling.
Increased
A term denoting something that has become larger or greater in size, amount, or degree.
Decreased
Describes something that has been reduced in size, amount, extent, or degree.
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