-Refer to the Data in the Exhibit

question 129

Multiple Choice

$$\begin{array} { c c c c } \hline \begin{array} { c } \text { Real GDP } \\( \$ ) \end{array} & \begin{array} { c } \text { Consumption } \\( \$ ) \end{array} & \begin{array} { c } \text { Planned } \\\text { investment } \\( \$ ) \end{array} & \begin{array} { c } \text { Government } \\\text { purchases } \\( \$ ) \end{array} \\\hline 1,800 & 1,540 & 100 & 200 \\1,900 & 1,620 & 100 & 200 \\2,000 & 1,700 & 100 & 200 \\2,100 & 1,780 & 100 & 200 \\2,200 & 1,860 & 100 & 200 \\2,300 & 1,940 & 100 & 200 \\\hline\end{array}$$
-Refer to the data in the exhibit.What is aggregate expenditure?  

• A) $1,800 
• B) $1,900 
• C) $2,000 
• D) $2,200

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Definitions:

Beer

An alcoholic beverage made from fermentation of cereal grains, commonly barley, with hops for flavoring.

Price

The price to be paid to secure a good, service, or asset.

Leftover Income

Leftover Income refers to the amount of income remaining after all expenses and taxes have been paid.

Budget Constraint

An economic model that represents all the combinations of goods and services a consumer can afford given their income and the prices of goods.