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ELEN [110]
1 year ago
15

If aggregate expenditure in an economy equals 1,000 0. 9y and full employment real gdp equals 9,000, then this economy has:_____

.
Business
1 answer:
LenKa [72]1 year ago
6 0

The economy would be in equilibrium as  AE = 1000 + 0.9Y

Y = 1000 + 0.9Y

Y - 0.9Y = 1000

(1-0.9) Y = 1000

Y = 1000/0.1

Y = $10000

AE = 10,000

<h3>What does total spending actually mean?</h3>

Aggregate expenditure, a macroeconomic statistic, is used to measure and evaluate the total amount of economic activity or output within a country. A nation's total outlays over a given time period are measured by aggregate expenditure, just as the gross domestic product (GDP) and national income.

Expenditures that alter in reaction to real GDP are referred to as induced aggregate expenditures. Take consumption spending as an example of an induced aggregate expenditure, which rises with real GDP.

For more information about aggregate expenditure refer to the link:

brainly.com/question/13525490

#SPJ4

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Which of the following is considered a service in the calculation of gdp?
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Answer:

A)Tax preparation

Explanation:

Gross domestic product is the sum total of all goods and services produced by a country within a given period.

Goods are tangible products that are produced by the country and in this scenario includes photographs, reclining chairs, and photographs.

Services on the other hand are those intangible actions that produce value to the end user. An example of service is tax preparation.

If an individual requires his taxes to be prepared but does not have the skill to do it. They will hire someone to do it and pay for the service.

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Texarkana Company exchanged equipment that cost $85,000 and has accumulated depreciation of $29,800 and a fair value of $60,000.
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Answer:

$4,800

Explanation:

Data provided in the question:

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Now,

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Thus,

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