Time Left: 1:19:50 Akashdeep Akashdeep: Attempt 1 ge 1: The figure below depicts an aggregate expenditure model for the nation of Conestoga. It provides (in trillions of dollars) aggregate expenditure data, incomes (Y), aggregate output (AO), and real GDP. Use it to answer the following questions. ge 2: Real GDP Consumption Investment Government Exports Imports m expenditure (C) (1) expenditure (G) (X) (M) 1.0 Ige 3: 1.00 0.5 0.7 0.45 0.15 2.0 1.65 0.5 0.7 0.45 0.30 3.0 2.30 0.5 0.7 0.45 0.45 4.0 2.95 0.5 0.7 0.45 0.60 ge 4: 1. How much is real GDP when equilibrium expenditure achieved? Why is it equilibrium? 2. If real GDP is $3.0, how do firms' inventories compare to their planned inventories? ge 5: 3. How much is induced expenditure at real GDP level of $2.0