The table given below shows the values of different components of aggregate expe

Question

The table given below shows the values of different components of aggregate expenditure of an economy The equilibrium level of gross domestic product (GDP) is Table 9.2 (Trillions of Dollars) Disposable Consumption Saving Planned Planned (S) Investment Purchases Exports Aggregate (XExpenditures GDP Taxes Income (Y) (NT) (Y- NT) M) (X-M) manuelcollege.instructure.com/courses 4/quizzes/1304/Make?preview 1 Quiz BU 200 Exam 4 Chapters 23-24 5.0 1.0 4.0 0.1 1.0 1.0 -0.7 5.2 5.5 1.0 4.5 4.3 0.2 1.0 1.0 -0.7 5.6 6.0 1.0 5.0 4.7 0.3 1.0 1.0 -0.7 6.0 6.5 1.0 5.5 5.1 0.4 1.0 1.0 -0.7 6.4 7.0 1.0 6.0 5.5 0.5 1.0 1.0 -0.7 6.8 S5.0 trillion S5.5 trillion $6.0 trillion $6.5 trillion $7.0 trillion

Explanation / Answer

At equilibrium:

(Real GDP) Y = C + I + G + NX (Planned aggregate expenditure)

When Y = $ 6 tn, this equality holds.

Option 3 is correct

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