The Figure Given Below Shows the Aggregate Expenditures Function of an Economy

question 65

Multiple Choice

The figure given below shows the aggregate expenditures function of an economy.
Figure 9.5

-Refer to Figure 9.5. Which of the following statements is true?

• A) Autonomous net exports equal the distance between A and C.
• B) Autonomous consumption is equal to the distance between A and C.
• C) There is a deficit in the merchandise and services account.
• D) Exports exceed imports for the country in question.
• E) Autonomous consumption is equal to the distance between 0 and C.

Interpret and write the standard form of the equation of a hyperbola.

Use a graphing calculator for solving systems of equations.

Identify the center and vertices of hyperbolas from their equations.

Solve systems of equations by the method of elimination.

---

Definitions:

Direct Labor Hours

The cumulative hours employees engaged in manufacturing products or delivering services have worked.

Applied Overhead Rate

A predetermined rate used to allocate manufacturing overhead costs to individual units of output.

Manufacturing Overhead Application Rate

The rate used to allocate manufacturing overhead costs to individual units of production, based on a chosen activity base.

Machine Cost

The total expenditure associated with acquiring and preparing a machine for its intended use.