Consumption spending is $5 million, planned investment spending is $8 million, unplanned investment spending is $2 million, government purchases are $10 million, and net export spending is $2 million. what is aggregate expenditure?

Question

Parker Price

Business

31 July, 02:14

Consumption spending is $5 million, planned investment spending is $8 million, unplanned investment spending is $2 million, government purchases are $10 million, and net export spending is $2 million. what is aggregate expenditure?

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Mallory Villa · Answer 1

Aggregate expenditure is defined as the current value of all the finished goods and services in the economy.

Aggregate expenditures is defined as : AE = C+Ip+G+NX

Given that c onsumption spending is $5 million, planned investment spending is $8 million, unplanned investment spending is $2 million, government purchases are $10 million, and net export spending is $2 million, then

the aggregate expenditure = $5 million + $8 million + $10 million + $2 million = $25 million.