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Refer to the information provided in Table 9.4 below to answer the questions that follow.
Table 9.4
-Refer to Table 9.4. At an output level of $1,500 billion, the level of aggregate expenditure is ________ billion.
Paid-In Capital
The amount of money that shareholders have invested in the company through the purchase of its stock, above the par value of the shares.
Par Value
A nominal value assigned to shares of stock by the issuing company, which may or may not reflect the shares' market value.
Excess of Par
The difference between the issue price of a stock and its par value, representing additional paid-in capital for the company.
Authorized Stock
The maximum number of shares a corporation is legally permitted to issue, as stated in its articles of incorporation.
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