(Table 1: Economic Data for Macroland) Table 1 Shows Economic

question 77

Multiple Choice

(Table 1: Economic Data for Macroland) Table 1 shows economic data for Macroland. Assume that Macroland is not involved in any international trade. Use the data in Table 1 to determine the level of autonomous spending in Macroland.
$\begin{array}{c}\hline \text { Table 1. Economic Data for Macroland }\\\begin{array}{|l|l|l|l|l|}\hline {\text { Income }} & {\begin{array}{c}\text { Consumption } \\\text { Spending }\end{array}} & \begin{array}{c}\text { Government } \\\text { Spending }\end{array} & \begin{array}{c}\text { Investment } \\\text { Spending }\end{array} & \begin{array}{c}\text { Aggregate } \\\text { Expenditures }\end{array} \\\hline \$ 0 & \$ 50 \text { billion } & \$ 100 \text { billion } & \$ 50 \text { billion } & \$ 200 \text { billion } \\\hline \$ 100 \text { billion } & \$ 120 \text { billion } & \$ 100 \text { billion } & \$ 50 \text { billion } & \$ 270 \text { billion } \\\hline \$ 200 \text { billion } & \$ 190 \text { billion } & \$ 100 \text { billion } & \$ 50 \text { billion } & \$ 340 \text { billion } \\\hline \$ 300 \text { billion } & \$ 260 \text { billion } & \$ 100 \text { billion } & \$ 50 \text { billion } & \$ 410 \text { billion }\\\hline\end{array}\end{array}$

• A) $50 billion
• B) $70 billion
• C) $100 billion
• D) $200 billion

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Definitions:

Protestant Ethic

A concept in sociology that relates Protestantism to a strong work ethic, frugality, and the economic success of Protestant communities.

Spirit of Capitalism

A term popularized by sociologist Max Weber to describe the set of values and attitudes endorsing hard work, thrift, and efficiency in one’s calling, which he believed underpinned capitalist societies.

Max Weber

A sociologist, philosopher, and political economist from Germany whose concepts significantly impacted the fields of social theory and research.

Benevolence

The quality of being well-meaning; kindness and generosity toward others.