Using the following table,compute aggregate expenditure and identify the macroeconomic equilibrium.The numbers in the table are in billions of dollars.
Definitions:
Population Mean
The average of a set of numerical values obtained from every member of a population.
Robust Estimator
A statistical method or measure that is not unduly affected by outliers or deviations from assumptions in the underlying data distribution.
Nonnormality
The deviation from the normal distribution in a set of data, where the data does not follow a bell-curve shape.
Mound-Shaped
A description of a symmetrical, bell-shaped distribution often associated with the normal distribution.
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