"If Aggregate Planned Expenditure Exceeds Real GDP, Then Real GDP

question 364

Essay

"If aggregate planned expenditure exceeds real GDP, then real GDP will increase." Explain whether the previous sentence is correct or incorrect.

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Definitions:

Percent Frequency

The frequency of a specific event or category expressed as a percentage of the total number of events or categories.

Frequency Distribution

A summary of data showing the frequency (or number) of observations in each of several non-overlapping categories or bins.

Class Width

The difference between the upper and lower boundaries (or real limits) of any class/interval in a frequency distribution.

Homework

Assignments given to students by their teachers to be completed outside the class.