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Answer :
In this economy, the aggregate expenditure equals $3.15 trillion, which is the sum of consumption, government expenditure, investment, and net exports.
The aggregate expenditure in this economy using the given information.
Step 1: Identify the components of aggregate expenditure
Aggregate expenditure consists of consumption (C), government expenditure (G), investment (I), and net exports (NX).
Step 2: Plug in the values provided
C = $1.2 trillion
G = $0.75 trillion
I = $0.8 trillion
NX = $0.4 trillion
Step 3: Calculate the aggregate expenditure
Aggregate Expenditure = C + G + I + NX
Main answer:
Aggregate Expenditure = $1.2 trillion + $0.75 trillion + $0.8 trillion + $0.4 trillion = $3.15 trillion
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