Data on Output and Aggregate Expenditure in Macroland Are Given

question 14

Multiple Choice

Data on output and aggregate expenditure in Macroland are given below. Based on these data, the short-run equilibrium level of output is:

• A) 2,000.
• B) 3,200.
• C) 4,100.
• D) 5,000.

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Definitions:

Trophoblast

A layer of cells surrounding the blastocyst in early development that provides nutrients to the embryo and develops into part of the placenta.

Inner Cell Mass

The inner cell mass is a group of cells inside the primordial embryo that will eventually develop into the fetus.

Germ Layers

The three primary layers of cells (ectoderm, mesoderm, and endoderm) in an embryo that develop into all organs and tissues of the body.

Fetal

Pertaining to a fetus, the developmental stage of a mammal that occurs after embryonic development and before birth.