Use the Figure Below to Answer the Following Question(s)

question 147

Multiple Choice

Use the figure below to answer the following question(s) .

Figure 27.3.1
The economy shown in the graph does not engage in international trade and has no government.Planned aggregate expenditure equals the sum of consumption expenditure (C) and investment (I) .
-Refer to Figure 27.3.1.Autonomous expenditure equals

• A)$100 billion.
• B)$25 billion.
• C)$50 billion.
• D)$125 billion.
• E)none of the above.

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Definitions:

Mining Rights

Legal permissions granted to companies or individuals to extract minerals or other valuable materials from the earth.

Depletion Expense

An accounting concept used to allocate the cost associated with natural resource extraction over the period of their removal or sale.

Accumulated Depletion

The total value of natural resource extraction from a property, representing the reduction of the asset's value on the balance sheet over time.

Ore

A naturally occurring solid material from which a metal or valuable mineral can be extracted profitably.