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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:
- 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
(10 marks)
Calculate the following (show and explain your work):
- Aggregate expenditure
(5 marks)
- Imports of goods and services
(5 marks)
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