AggregateExpendituresWorksheet

Aggregate Expenditures Worksheet Use the following information to answer the questions below: National Income T C G X IN AE 60 -65 5 75 150 100 300 100 -45 65 75 160 100 50 350 200 100 -25 125 160 100 60 400 300 120 -5 185 75 160 100 70 450 100 140 15 245 75 160 100 80 500 500 160 305 75 160 100 90 550 600 180 365 75 160 100 100 600 700 200 75 425 160 100 110 650 Boo 220 95 485 75 160 100 120 700 1. (0 points) Aggregate Expenditures 1. Plot aggregate expenditures as a function of national income 700 900 100 Aggregate Expenditures 400 300 200 100 100 200 300 400 800 700 305 National Income 2. Add to the graph a 45 degree line 3. When is the economy in equilibrium (expenditure approach equals the income approach)