Answer the Question on the Basis of the Following Table

question 24

Multiple Choice

Answer the question on the basis of the following table for a particular country in which C is consumption expenditures,I_g is gross investment expenditures,G is government expenditures,X is exports,and M is imports.All figures are in billions of dollars.Each question is independent of other question using the same table,unless otherwise stated. $\begin{array}{c}\begin{array}{c}\underline{\text {Price Level}}\\128 \\125 \\122 \\119 \\116\end{array}\begin{array}{c}\underline{\text {C}} \\ \$ 18 \\20 \\22 \\24 \\26\end{array}\begin{array}{c}\underline{\mathrm{I}_{\mathrm{g}} }\\ \$ 2 \\4 \\6 \\8 \\10\end{array}\begin{array}{c}\underline{\text {G }}\\ \$ 3 \\3 \\3 \\3 \\3\end{array}\begin{array}{c}\underline{\text {X }}\\\$ 1 \\2 \\3 \\4 \\5\end{array}\begin{array}{c}\underline{\text {M}} \\ \$ 5 \\4 \\3 \\2 \\1\end{array}\begin{array}{c}\underline{\text {Real GDP}} \\ \\\\\\ \\\\\end{array}\end{array}$
Refer to the table.Which of the following schedules constitutes aggregate demand in this country?

• A)
• \(\begin{array} { l }
• \underline { P }& \underline { \text { GDP } } \\
• 128&\$19\\
• 125& 25 \\
• 122 & 31 \\
• 119 & 37\\
• 116 & 43 \\
• \end{array}\)
• B)
• \(\begin{array} { l }
• \underline { P }& \underline { \text { GDP } } \\
• 128&\$23\\
• 125& 27 \\
• 122 & 31 \\
• 119 & 35\\
• 116 &39 \\
• \end{array}\)
• C)
• \(\begin{array} { l }
• \underline { P }& \underline { \text { GDP } } \\
• 128&\$20\\
• 125& 22 \\
• 122 & 24 \\
• 119 & 26\\
• 116 &28 \\
• \end{array}\)
• D)
• \(\begin{array} { l }
• \underline { P }& \underline { \text { GDP } } \\
• 128&\$34\\
• 125& 37 \\
• 122 &40 \\
• 119 &43\\
• 116 &46\\
• \end{array}\)

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Definitions:

Standard Normal Probability Distribution

A type of normal distribution with a mean of 0 and a standard deviation of 1, used in statistics to standardize scores.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used to indicate the spread of a distribution.

Continuous Random Variable

A type of random variable that can take an infinite number of possible values within a given range.

Probability Density Function

A function that describes the likelihood of a continuous random variable taking on a particular value.