NFI on Macroeconomics (1 Viewer)

[santaslayer]

What is the relationship between actual aggregate expenditure, planned
aggregate expenditure and real GDP? Thanks.

 

[Sarah168]

Actual & Planned Expenditure and Real GDP

Actual aggregate expenditure is always equal to real GDP. Planned and actual aggregate expenditures or real GDP, however, can diverge. How? It is assumed that C, G, X & M planned expenditures will be fulfilled. That leaves I as the component that can vary between planned and actual. This is due to one facet of I, inventories. When aggregate planned expenditure is less than actual, inventories increase; if planned is greater than actual, inventories shrink below the level firms wish to maintain them (inventory targets).

Whatever the hell that means

 

[ToO LaZy ^*]

anyone remember how atta was knocking uow in one of our lectures (stream 2)?..
hahahhahh. hahhah. hahah. ha

 

[jpr333]

So has anyone else not done any work for macro yet?

 

[santaslayer]

Actual & Planned Expenditure and Real GDP

Actual aggregate expenditure is always equal to real GDP. Planned and actual aggregate expenditures or real GDP, however, can diverge. How? It is assumed that C, G, X & M planned expenditures will be fulfilled. That leaves I as the component that can vary between planned and actual. This is due to one facet of I, inventories. When aggregate planned expenditure is less than actual, inventories increase; if planned is greater than actual, inventories shrink below the level firms wish to maintain them (inventory targets).

Whatever the hell that means

Thanks, I'll read it like 2moro or something.

...it's worth like 3% for uni or something, watta gay question....watta boring question

I killed HSC Eco, but i forgot everything

I posted here thinking that my 7000+ post status would get me an answer from everyone that would go for as long as the +Uni Crush+ post in NS. I guess I was wrong.

 

[xiao1985]

i dont'; get it santslayer

btw agrees on title... =(

 

[santaslayer]

ahhh...i used something very close to sarah's explanation...of course, except the text uses some different name for certain things....
i used diagrams as well...im so smart....

diagrams make my ghey assingment look like its worth something...

due 5pm 2 moros...

thanks again...


xiao...i still dont get it...lol

 

[kow_dude]

Wtf..... this isn't ECON1002 right?!

 

[xiao1985]

chill kow dude... santaslayer's at some other uni... u W right?!

 

[Sarah168]

santa's in like 3rd yr or something at UOW so relax everyone

however, the inventory stuff came up in the lecture today

 

[santaslayer]

im not that old!

second yr sarah...lol

i figured most of the eco nerds reside in usyd so i tried my luck here...lol

thanks though...sarah helped me find something similar in my text...or else i would of just totally passed the page...

 

[Sarah168]

i had a feeling it was 2nd yr but i thought u would be offended if i called u a 2nd year student and u were actually a 3rd yr

 

[xiao1985]

@sant: >< xiaaoie could've helped =(
how dare u say we are nerds?!?!?!?! >< etc....
we are no nerds!!! we are teh future australian economists!!!! ^^

@sarah: u r in atta's tues/wed arvo lec?!?!?!?!?!