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Am I on the right track here? I feel like I'm missing something in my Calculation.... 1. Suppose you are given the following data for

Am I on the right track here? I feel like I'm missing something in my Calculation....

1.Suppose you are given the following data for the economy of Xanadu.

Government expenditure: $30 billion

Aggregate income: $90 billion

Consumption expenditure: $65 billion

Investment: $15 billion

Exports of goods and services: $5 billion

Calculate the following (show and explain your work):

a.Aggregate expenditure

Aggregate Expenditure = I +G+X+C

Aggregate Expenditure = 15 + 30 + 5 + 65

Aggregate Expenditure = $115 billion

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