Refer to the Above Diagram for a Private Closed Economy

question 25

Multiple Choice

Refer to the above diagram for a private closed economy.At the $200 level of GDP:

• A)consumption will equal GDP.
• B)planned investment will equal saving and unintended investment will be zero.
• C)aggregate expenditures will exceed GDP, causing GDP to rise.
• D)GDP will exceed aggregate expenditures, causing GDP to fall.

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Definitions:

Y-axis

The vertical axis in a graph or plot, typically containing the range of values for a variable being measured or observed.

Depict Data

Depicting data involves presenting information in a visual format, such as charts or graphs, to facilitate easier understanding and analysis.

Graphical Excellence

The effective communication of complex data and statistical results through well-designed visual representations for clear and accurate understanding.

Variables

Elements, features, or factors that are likely to vary or change among the data being studied.