Use the Following to Answer Questions

question 64

Multiple Choice

Use the following to answer questions .
Exhibit: Aggregate Expenditures and Real GDP 2
-(Exhibit: Aggregate Expenditures and Real GDP 2) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I_P = Planned Investment. Consider a simple economy where AE = C + I_P, and I_P is autonomous. What is the value of autonomous AE?

• A) $2,000 billion
• B) $3,000 billion
• C) $4,500 billion
• D) $8,000 billion

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Definitions:

Population B

This term on its own lacks context; typically, it would refer to a specific group or subset within a larger population in a study or model.

Gini Ratios

A metric assessing the uneven distribution of income among individuals in a population, with 0 being total equality and 1 representing absolute inequality.

Income Inequality

The disparate sharing of income among participants in an economy, be they individuals or households.