-The Above Table Gives Real GDP and the Aggregate Expenditure

question 129

Multiple Choice

$$\begin{array} { c c } \begin{array} { c } \text { Real GDP } \\\text { (billions of 2005 dollars) }\end{array} & \begin{array} { c } \text { Aggregate expenditure } \\\text { (billions of 2005 dollars) }\end{array} \\\hline 10 & 10.50 \\11 & 11.25 \\12 & 12.00 \\13 & 12.75 \\14 & 13.50 \\15 & 14.25\end{array}$$
-The above table gives real GDP and the aggregate expenditure schedule.When real GDP is $15 billion, the amount of unplanned investment is

• A) $0.75 billion
• B) $14.25 billion
• C) $29.25 billion
• D) $15 billion
• E) unknown

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Definitions:

Business Processes

Sequential steps or tasks undertaken by a company or organization to achieve specific business objectives or deliver services/products.

Substantial Performance

A contract law principle that allows for partial enforcement of a contract when most, but not all, aspects of the contract have been fulfilled.

Impossibility

A legal defense where a party claims it was not possible to fulfill the terms of a contract due to unforeseen circumstances.

Commercial Impracticability

A legal doctrine that excuses a party from fulfilling a contract due to unforeseen and extreme difficulties or expenses.