In a closed economy (no imports or exports), Aggregate Expenditure 'AE' is defined as the sum of Consumption Expenditure 'C', Investment Expenditure 'I' and Government Expenditure 'G' or
AE = C + I + G
In equilibrium, Income 'Y' is equal to 'AE'.
1. If Y = $1265, C = $660, and I = $325, solve for G.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In a closed economy (no imports or exports), Aggregate Expenditure 'AE' is defined as the sum of Consumption Expenditure 'C', Investment ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is a disadvantage for exporting firms that use foreign-based independent distributors? a. little influence regarding cultural diversity b. incompatible brand adaptation systems c. lack of control over pricing strategy d.
Answers (1)
The role of a campaign manager is to select a candidate to run for office. contact the media on a daily basis. donate money to buy campaign materials. oversee a campaign organization.
Answers (1)
A factor of production that is produced in order to produce something else is called
Answers (1)
Marcos Industries uses the retail method of inventory costing. The retail value of the inventory is $478,000.
Answers (1)
The fundamental underlying assumption of the administrative model of decision making is that: a. People make decisions rationally and logically b. People will always make the right decision, given the chance c.
Answers (1)
New Questions in Business
Liquidity refers to Group of answer choices the ease with which an asset is converted to the medium of exchange. the measurement of the intrinsic value of commodity money. the measurement of the durability of a good.
Answers (1)
Why is there overlap among markets for financial assets?
Answers (2)
In general, the supply chain starts with A. final customers at the retail store. B. the provider of basic raw materials. C. research and development. D. a distributor.
Answers (1)
True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.
Answers (1)
Travis is employed in a logistics company. How can he best avoid workplace hazards? A. by staying seated at his desk B. by avoiding hazardous work C. by wearing safety goggles D. by maintaining an uncluttered workplace E.
Answers (1)