-The Data in the Above Table Indicate That Autonomous Expenditure

question 62

Multiple Choice

$$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Real GDP } \\\text { (trillions of 2005 } \\\text { dollars) }\end{array} & \begin{array} { l } \text { A ggregate } \\\text { expenditure } \\\text { (trillions of 2005 } \\\text { dollars) }\end{array} \\\hline 0 & 0.3 \\\hline 1.0 & 1.2 \\\hline 2.0 & 2.1 \\\hline 3.0 & 3.0 \\\hline 4.0 & 3.9 \\\hline 5.0 & 4.8 \\\hline\end{array}$$
-The data in the above table indicate that autonomous expenditure is

• A) $3.0 trillion.
• B) $0.3 trillion.
• C) $4.8 trillion.
• D) None of the above answers is correct.

---

Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Income Tax Expense

The cost incurred by businesses or individuals due to income taxes, representing a financial charge for earnings.

Budgeted Balance Sheet

A projection of a company's financial position at a future date, showing anticipated assets, liabilities, and equity.

Managerial Accounting

The process of identifying, measuring, analyzing, and interpreting accounting information by business managers to make informed strategic decisions.