The sum of consumption (C), investment (I), government spending (G), and net exports (X-M) is called:
a. autonomous spending.
b. aggregate expenditures.
c. Keynesian income
d. wealth.
b
Economics
You might also like to view...
A budget deficit occurs when government receipts fall short of government spending
a. True b. False Indicate whether the statement is true or false
Economics
The inflation rate is:
A. the percentage change in the overall price level. B. the central concept in microeconomics. C. a measure of the rate of increase in the cost of imported goods. D. is not something that can be accurately measured with the CPI.
Economics