-0 -0 0 0 Aggregate Expenditures Schedule 32 C

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The diagram below shows the consumtion schedule for a private closed economy. the level of planned investment is 6 billion. A. using the diagram, draw the aggregate expenditures schedule for this economy and then identify equilibruim gdp

 

Aggregate expenditures (billions of dollars)
50
40
30
20
10
0
Aggregate Expenditures Schedule
32
10
20
32
30
40
Real GDP (billions of dollars)
с
50
Transcribed Image Text:Aggregate expenditures (billions of dollars) 50 40 30 20 10 0 Aggregate Expenditures Schedule 32 10 20 32 30 40 Real GDP (billions of dollars) с 50
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