AR101 Lecture Notes - Lecture 5: Diet Pepsi, Full Employment, Intermediate Good

• School: WLU
• Department: Archaeology and Heritage Studies
• Course: AR101
• Professor: Patti Phillips

Document Summary

Gdp for 2013, national income accountants would: subtract billion, add billion, subtract billion, add billion, leave it unchanged. Figure 1: refer to figure 1 above, which shows the circular flow of expenditure and income used in. How much is aggregate expenditure: , , , , . Page 4 of 17: refer to figure 1 above, which shows the circular flow of expenditure and income used in. During 2012, a was , b was , c was and d was . What is aggregate income: , , , , . Table 1: refer to table 1 above. Gross domestic product equals: ,050, ,400, ,150, ,050, ,600, suppose that in the production of a bottle of diet pepsi, the water costs . 00, the artificial sweetener costs sh. 25, and the plastic costs sh. 50. Pepsi sells it to a grocery store for . 00, and the grocery store sells it to professor smith for . 50.