Refer to the following graphs. If aggregate expenditures is equal to consumption plus investment expenditures then the equilibrium level of real income will exist at

What role does economic profit play in a competitive market?

What will be an ideal response?

Gross Domestic Product is the

a. least inclusive aggregate used to measure the economy. b. total of goods and services desired by consumers. c. most comprehensive measure of total output in the United States. d. most accurate measure of the trade balance of the United States.