-In the Above Table, C Is Consumption Expenditure, I Is

question 423

Multiple Choice

$$\begin{array} { | l | l | l | l | l | } \hline \begin{array} { l } \text { Real } \\\text { GDP }\end{array} & C & I & G & X - M \\\hline 2500 & 1430 & 540 & 400 & 90 \\\hline 2400 & 1360 & 540 & 400 & 100 \\\hline 2300 & 1290 & 540 & 400 & 110 \\\hline 2200 & 1220 & 540 & 400 & 120 \\\hline 2100 & 1150 & 540 & 400 & 130 \\\hline\end{array}$$
-In the above table, C is consumption expenditure, I is investment, G is government expenditure, and X - M is net exports. All entries are in dollars. The slope of the aggregate expenditure function is

• A) -0.10.
• B) 0.70.
• C) 0.60.
• D) 0.10.

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Definitions:

AGI

Adjusted Gross Income is your gross income minus allowable deductions, used to determine your taxable income on your federal income tax return.

Estimated Taxes

Periodic advance payments of taxes on income that is not subject to withholding, such as earnings from self-employment, interest, dividends, and rental income.

FUTA Tax

Federal Unemployment Tax Act tax, a payroll or employment tax paid by employers to fund state workforce agencies.

Withholding Allowances

A specified number on an employee's W-4 form that reduces the amount of money withheld from their paycheck for taxes.