Refer to the Information Provided in Table 9

question 37

Multiple Choice

Refer to the information provided in Table 9.2 below to answer the questions that follow.
Table 9.2
-Refer to Table 9.2. At an output level of $2,500, the level of aggregate expenditure is ________ billion.

• A) $1,500
• B) $2,000
• C) $2,200
• D) $2,300

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Definitions:

Inventory Reporting

The process of documenting the quantity and value of a company's stock of goods.

FOB Destination

A shipping term indicating that the seller retains ownership and responsibility for the goods until they are delivered to the buyer's specified location.

Ending Inventory Balance

The total value of all goods available for sale at the end of an accounting period.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal, utilized in inventory valuation and accounts receivable.