The components of aggregate expenditure are consumption expenditure,
A) investment, government expenditure on goods and services, and net exports.
B) investment, government expenditure on goods and services, and net taxes.
C) interest, government expenditure on goods and services, and net exports.
D) investment, government expenditure on goods and services, and net income.
E) interest, gross spending, and net spending.
A
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In the United States the assignment of tasks and distribution of benefits
A) is determined by business firms. B) is determined democratically. C) is negotiated among potential buyers and potential sellers. D) leaves all parties free to do as they prefer. E) rests upon the principle of consumer sovereignty.
Fred was working as a sales rep for a firm, and just completed an MBA by taking courses at night. Fred quits his job to pursue a management position. Fred would be considered:
A. underemployed. B. frictionally unemployed. C. structurally unemployed. D. classically unemployed.