During 2015,a Country Reports Aggregate Planned Expenditures of $5 Trillion

question 11

Multiple Choice

During 2015,a country reports aggregate planned expenditures of $5 trillion and an actual real GDP of $4 trillion.During 2015,

• A)inventories are unaffected.
• B)actual aggregate expenditures are greater than real GDP.
• C)actual aggregate expenditures are less than real GDP.
• D)inventories are less than planned.
• E)inventories are greater than planned.

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Definitions:

Interest Revenue

Income earned by a company from investments it has made in bonds, loans, or other interest-bearing assets.

Broker Commission

A fee paid to a broker for executing a transaction or providing specialized services.

Temporary Investments

Investments in securities that are expected to be sold within a short period, typically within one year.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.