If Planned Expenditures Equal $13 Trillion When Real GDP Is

question 350

Multiple Choice

If planned expenditures equal $13 trillion when real GDP is $13.5 trillion, then

• A) there will be excess demand for most goods.
• B) actual investment will exceed planned investment.
• C) inventories will decrease by $0.5 trillion.
• D) the economy must have a trade surplus to sell the excess goods and services.

---

Definitions:

Useful Life

The estimated period that an asset is expected to be usable for the purpose it was acquired.

Differentiation Value

The perceived value added to a product or service through unique features and qualities that set it apart from competitors.

Value-based Pricing

A pricing strategy where the price of a product or service is based on the perceived value to the customer rather than the cost of production.

Industrial Forklift

A powerful vehicle designed for lifting, transporting, and stacking heavy materials and goods, commonly used in warehouses and manufacturing facilities.