In the Accompanying Table for a Particular Country, C Is

question 73

Multiple Choice

$$\begin{array} { | c | c | c | c | c | c | c | } \hline \text { Price Level } & C & I _ { g } & G & X & M & \text { Real GDP } \\\hline 128 & \$ 18 & \$ 2 & \$ 3 & \$ 1 & \$ 5 & \\\hline 125 & 20 & 4 & 3 & 2 & 4 & \\\hline 122 & 22 & 6 & 3 & 3 & 3 & \\\hline 119 & 24 & 8 & 3 & 4 & 2 & \\\hline 116 & 26 & 10 & 3 & 5 & 1 & \\\hline\end{array}$$ In the accompanying table for a particular country, C is consumption expenditures, $I _ { g }$ is gross Investment expenditures, G is government expenditures, X is exports, and M is imports. All ?gures Are in billions of dollars. Which of the following schedules constitutes aggregate demand in this Country?

• A) \[\begin{array} { | c | r | }
• \hline \mathrm { P } & \text { GDP } \\
• \hline 128 & \$ 19 \\
• \hline 125 & 25 \\
• \hline 122 & 31 \\
• \hline 119 & 37 \\
• \hline 116 & 43 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | }
• \hline P & \text { GDP } \\
• \hline 128 & \$ 23 \\
• \hline 125 & 27 \\
• \hline 122 & 31 \\
• \hline 119 & 35 \\
• \hline 116 & 39 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | }
• \hline \mathrm { P } & \text { GDP } \\
• \hline 128 & \$ 20 \\
• \hline 125 & 22 \\
• \hline 122 & 24 \\
• \hline 119 & 26 \\
• \hline 116 & 28 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | }
• \hline P & \text { GDP } \\
• \hline 128 & \$ 34 \\
• \hline 125 & 37 \\
• \hline 122 & 40 \\
• \hline 119 & 43 \\
• \hline 116 & 46 \\
• \hline
• \end{array}\]

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Definitions:

Sales Revenue

The total amount of money a company receives from its sales of goods or services before any expenses are subtracted.

Cross-Footing

A bookkeeping process that involves checking the mathematical accuracy of figures in financial statements by ensuring that sums of columns and rows respectively match.

Cash Receipts Journal

A specialized accounting journal used to record all receipts of cash.

Equality

In financial terms, refers to the state where two values, amounts, or figures are of the same value or balance each other out.