If GDP was $3 trillion over a certain time period and aggregate expenditure was $2.8 trillion...

 

Transcribed Image Text:

If GDP was $3 trillion over a certain time period and aggregate expenditure was $2.8 trillion over the same time period, what should be expected to occur given that the country does not export? Consumers will increase purchases. Production will remain constant. Managers will increase production. Managers will cut back on production. If GDP was $3 trillion over a certain time period and aggregate expenditure was $2.8 trillion over the same time period, what should be expected to occur given that the country does not export? Consumers will increase purchases. Production will remain constant. Managers will increase production. Managers will cut back on production.

Answer rating: 100% (QA)

lets delve into the details and possible solutions for the scenario where GDP is 3 trillion over a certain time period but aggregate expenditure is on... View the full answer