Which of the following describes the relationship between the change in inventories and aggregate expenditure?
a. Aggregate expenditure equals the change in inventories minus GDP.
b. The change in inventories equals GDP divided by aggregate expenditures.
c. Aggregate expenditures equals GDP divided by the change in inventories.
d. Aggregate expenditures equals GDP minus the change in inventories.
e. The change in inventories equals GDP multiplied by aggregate expenditure.
D
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Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One can conclude that
A) the demand for tarot card readers has increased. B) the law of demand has been violated. C) the number of tarot card readers has increased. D) tarot card readers are deliberately charging high prices because they provide services for superstitious clients.
If slope = 2 for a line on a graph with x on the horizontal axis and y on the vertical axis, then if
a. x decreases by 4, y decreases by 8 b. x = -4, then y = -2 c. y decreases by 4, x decreases by 8 d. x = -4, y = -8 e. x increases by 4, y decreases by 8