Question : 71) The above table gives data for the nation of : 1227934

71) The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. The equilibrium level of real GDP is

A) $500 billion.

B) $600 billion.

C) $700 billion.

D) $800 billion.

E) $400 billion.

72) The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. Aggregate planned expenditure is less than actual expenditure if real GDP is

A) $700 billion.

B) less than $700 billion.

C) more than $700 billion.

D) at the equilibrium level.

E) Both answers A and C are correct.

73) The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. If real GDP is equal to $900 billion, then

A) aggregate planned expenditure is greater than real GDP.

B) aggregate planned expenditure is less than real GDP.

C) this is the equilibrium level of real GDP.

D) aggregate planned expenditure is equal to real GDP.

E) aggregate planned expenditure will need to decrease to reach the equilibrium.

74) The table above gives data for the nation of Mosh. The MPC of the economy is

A) 1.

B) .75.

C) .80.

D) .90.

E) indeterminate with the information provided.

75) The table above gives data for the nation of Mosh. The amount of autonomous expenditure is

A) $4 trillion.

B) $1.5 trillion.

C) $4.5 trillion.

D) $9.0 trillion.

E) not shown in this table.

76) The table above gives data for the nation of Mosh. If real GDP is $6 trillion, then

A) firms decrease production because inventories exceed their target levels.

B) firms increase production because inventories are less than their target levels.

C) the economy has reached equilibrium and no change in production will occur.

D) firms increase production because inventories exceed their target levels.

E) we need more information to determine whether firms increase, decrease, or do not change their production.

77) The table above gives data for the nation of Mosh. If real GDP is $10 trillion, then

A) firms decrease production because inventories exceed their target levels.

B) firms increase production because inventories are less than their target levels.

C) the economy has reached equilibrium and no change in production will occur.

D) firms decrease production because inventories are less than their target levels.

E) we need more information to determine whether firms increase, decrease, or do not change their production.

78) The table above gives data for the nation of Mosh. In Mosh, equilibrium expenditure equals

A) $4 trillion.

B) $6 trillion.

C) $9 trillion.

D) $7 trillion.

E) $10 trillion.

79) The table above gives data for the nation of Mosh. If we graphed these data, we would see that when GDP equals

A) $6 trillion, the AE curve is below the 45° line.

B) $10 trillion, the 45° line is above the AE curve.

C) $9 trillion, the AE curve intersects the 45° line.

D) $4 trillion, the AE curve intersects the 45° line.

E) $10 trillion, the AE curve intersects the 45° line.

80) The table above gives data for the nation of Mosh. If real GDP is $9 trillion, then unplanned inventory change equals

A) 0.

B) $5.5 trillion.

C) $1.25 trillion.

D) $5 trillion.

E) $9 trillion.