Aggregate income in an economy in 2017 is $100 billion. Saving is $30 billion and imports are $35 billion. What is aggregate expenditure in the economy in 2017?

In Economics, Aggregate Income is assumed to be the same as Aggregate Expenditure. The assumption behind this is that every dollar spent is a dollar in income from someone else so every income is just a dollar that will be spent.

With that logic in a country that has Aggregate income of $100 billion, the Aggregate Expenditure will be $100 billion as well.

Answer Link

Aggregate income in an economy in 2017 is ​$100 billion. Saving is ​$30 billion and imports are ​$35 billion. What is aggregate expenditure in the economy in​ 2017?

Respuesta :

Otras preguntas

Aggregate income in an economy in 2017 is $100 billion. Saving is $30 billion and imports are $35 billion. What is aggregate expenditure in the economy in 2017?