Question
The table gives the elements of planned expenditure. Real GDP Consumption expenditure Investment Government expenditure Exports Imports 0 0.4 0.2 0.2 0.9 0 5 2.2
The table gives the elements of planned expenditure.
| Real GDP | Consumption expenditure | Investment | Government expenditure | Exports | Imports |
| 0 | 0.4 | 0.2 | 0.2 | 0.9 | 0 |
| 5 | 2.2 | 0.2 | 0.2 | 0.9 | 0.5 |
When Real GDP is $5 trillion, what are the:
a) Aggregate planned expenditure
b) Autonomous expenditure
c) Induced expenditure
Show the working out.
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Modeling Monetary Economies
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
4th Edition
1316508671, 1316508676, 9781316723302 , 978-1107145221
