Suppose Total Planned Expenditures Equal $14

question 126

Multiple Choice

Suppose total planned expenditures equal $14.4 trillion when the value of the price level is 95. If the price level dropped to 90, total planned real expenditures will equal

• A) less than $14.4 trillion but more than $1 trillion.
• B) less than $14.4 trillion.
• C) more than $14.4 trillion.
• D) $14.4 trillion.

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Definitions:

Birthrates

The number of live births per thousand people in a population per year.

Death Rates

The number of deaths in a particular population, scaled to the size of that population, per unit of time.

Per Capita

A statistical measure that divides a total figure by the number of people in a population, used to give an average per person.

Water Consumption

The total volume of water used by individuals, communities, industries, or agriculture over a specified period.