Use the Following to Answer Questions

question 145

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 autonomous AE?

• A) $1,500 billion
• B) $3,000 billion
• C) $4,500 billion
• D) $6,000 billion

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