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Economics keynesian expenditure Question 10 (4 points) The figure below depicts a simple Keynesian aggregate expenditure model for the nation of Evets. It provides aggregate

Economics keynesian expenditure

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Question 10 (4 points) The figure below depicts a simple Keynesian aggregate expenditure model for the nation of Evets. It provides aggregate expenditure data, incomes (Y) and real GDP Use it to answer the following questions. (1 mark each) Real GDP, Consumption Investment Government Exports Imports Y C G X M 0.0 0.0 1.75 1.25 1.50 0.0 2.5 1.5 1.75 1.25 1.50 0.5 5.0 3.0 1.75 1.25 1.50 1.0 7.5 4.5 1.75 1.25 1.50 1.5 10.0 6.0 1.75 1.25 1.50 2.0 1. How much is expenditure that is not influence by changes in income and real GDP? 2. How much is expenditure that is influenced by changes income and real GDP? 6: 3. How much is expenditure when Aggregate expenditure equals real GDP and incomes? 4. At what level of income and real GDP is there a negative change in unplanned inventories

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