Which of the following schedules constitutes aggregate demand in this country? Real Expenditures Price (A) (B) (C) (D) 128 22 23 27 24 125 27 27 31 27 122 32 31 35 119 37 35 39 33 116 42 39 43 36 A

Economics Apr 25, 2021

Which of the following schedules constitutes aggregate demand in this country?
Real Expenditures Price (A) (B) (C) (D) 128 22 23 27 24 125 27 27 31 27 122 32 31 35 119 37 35 39 33 116 42 39 43 36
A. (A) B. (B) C. (C) D. (D) E. both (A) and (B)

Expert Solution

Answer

E .

Explanation

Price in $	AD= C + I + G + X - M	Nominal GDP( billion $)
128	Y=18+2+3+4-5	22

	22
125	Y=20+4+3+4-4	27

	27
122	Y=22+6+3+4-3	32

	32
119	Y=24+8+3+4-2	37

	37
116	Y=26+10+3+4-1	42

	42

So, the correct option is A " (A)".

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