Consumption Spending Is $22 Million,planned Investment Spending Is $7 Million,actual

question 94

Multiple Choice

Consumption spending is $22 million,planned investment spending is $7 million,actual investment spending is $7 million,government purchases are $9 million,and net export spending is $3 million.Based on this information,which of the following is true?

• A)There was an unplanned change in inventories.
• B)Aggregate expenditure is equal to GDP.
• C)Aggregate expenditure is greater than GDP.
• D)Aggregate expenditure is less than GDP.

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Definitions:

Mean Squared

A statistical measure of the average of the squares of the errors or deviations, that is, the difference between the estimator and what is estimated.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values.

Spread Out

Describes data that is dispersed widely, showing a large variation among its values, often seen in distributions with high variance.

Inclusive Range

The difference between the highest and lowest values in a data set, considering all values within the set, including the extremes.