Use the Following to Answer Questions

question 205

Multiple Choice

Use the following to answer questions .
Exhibit: Aggregate Expenditures Curve
Figure 13-6
-(Exhibit: Aggregate Expenditures Curve) Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption, I_P = Planned Investment, G = Government Purchases. Further, I_P and G are autonomous. If real GDP produced is $4,000, what is the amount of unplanned investment?

• A) zero
• B) $1,200 billion
• C) $2,400 billion
• D) $2,800 billion

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Definitions:

Data Distribution

Describes how the values in a data set are spread or distributed.

Proportion of Measurements

The fraction or percentage of measurements falling within a specified range in a dataset.

Frequency Tabulation

A statistical method for organizing data into a table to show how often each different value occurs.

Tchebysheff's Theorem

A statistical theorem that provides a bound on the probability that the value of a random variable deviates from its mean by more than a certain multiple of its standard deviation.