The Table Given Below Shows the Real GDP, Aggregate Expenditures

question 96

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. Given a potential GDP of $6,000, the recessionary gap equals _____.

• A) $200
• B) $400
• C) $1,000
• D) $2,000
• E) $5,000

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Definitions:

Lateral Cycling

The process of reusing, recycling, or repurposing products and materials in a way that they move among consumers or businesses, rather than being discarded.

Disposal Options

Refers to the various ways consumers can dispose of products after use, including recycling, donating, or throwing away.

Disposal Options

The various methods available for disposing of waste materials, including recycling, landfill, incineration, and composting.

Divestment Rituals

The processes through which individuals detach from personal possessions, often to facilitate transitions in identity or life phases.