In the expenditure approach to GDP, the largest component is
A) government expenditure on goods and services.
B) personal consumption expenditures.
C) gross private domestic investment.
D) net exports.
B
Economics
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Policymakers who influence aggregate demand can potentially mitigate the severity of economic fluctuations
a. True b. False Indicate whether the statement is true or false
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Price discrimination adds to social welfare in the form of (i) increased total surplus. (ii) reduced costs of production. (iii) increased consumer surplus
a. (i) only b. (i) and (ii) only c. (i) and (iii) only d. (i), (ii), and (iii)
Economics