The Table Given Below Shows the Real GDP, Aggregate Expenditures

question 9

Multiple Choice

The table given below shows the real GDP, aggregate expenditures, saving, and imports of an economy.
Table 10.4
$\begin{array}{|c|c|c|c|}\hline \text { Real GDP } & \begin{array}{c}\text { Aggregate } \\\text { Expenditures }\end{array} & \text { Saving } & \text { Imports } \\\hline \$ 0 & \$ 800 & -\$ 300 & \$ 50 \\\$ 1,000 & \$ 1,600 & -\$ 200 & \$ 150 \\\$ 2,000 & \$ 2,400 & -\$ 100 & \$ 250 \\\$ 3,000 & \$ 3,200 & \$ 0 & \$ 350 \\\$ 4,000 & \$ 4,000 & \$ 100 & \$ 450 \\\$ 5,000 & \$ 4,800 & \$ 200 & \$ 550 \\\$ 6,000 & \$ 5,600 & \$ 300 & \$ 650 \\\hline\end{array}$
-Refer to Table 10.4. Suppose the economy is currently in equilibrium and the potential GDP of the economy is $6,000. The current GDP gap equals _____.

• A) $400
• B) $1,000
• C) $2,000
• D) $3,000
• E) $6,000

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Definitions:

Salient Beliefs

Prominent or most noticeable beliefs held by an individual that influence their behavior and attitudes.

Balance Theory

Balance theory is a social psychological theory suggesting that individuals strive for consistency within their beliefs, attitudes, and perceptions, particularly concerning their relationships and evaluations of others.

Multi-Attribute Attitude Model

A framework used in consumer behavior that examines how consumers evaluate a product or service based on perceived attributes and the importance of these attributes.

Speaker Attributes

Characteristics or qualities of a speaker that influence how the message is received, such as credibility, attractiveness, and authority.