1.3 a What is aggregate planned expenditure when real GDP is 6 billion? b If real GDP...

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1.3 a What is aggregate planned expenditure when real GDP is €6 billion?

b If real GDP is €4 billion, what is happening to inventories?

c If real GDP is €6 billion, what is happening to inventories?

The figure illustrates the components of aggregate planned expenditure on Turtle Island. Turtle Island has no imports or exports, no income taxes and the price level is fixed.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 07, 2024 04:01 AM

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1.3 a What is aggregate planned expenditure when real GDP is 6 billion? b If real GDP...

Question:

Aggregate planned expenditure (billions of 2010 euros) 8.0 165 06 4.0 2.0 1.5 29 0 2.0 4.0 6.0 8.0 AE I + G Real GDP (billions of 2010 euros)

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Economics

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