Aggregate expenditure is total:
A. spending on final goods and services.
B. value added in the economy.
C. revenue from the sale of goods and services.
D. income of households, businesses, governments, and foreigners.
Answer: A
You might also like to view...
Refer to Table 2-7. What is Mickey's opportunity cost of making a hat?
A) 1/10 of an umbrella B) 1/5 of an umbrella C) 5 umbrellas D) 10 umbrellas
A rapidly falling stock price would most likely trigger all of the following except:
A. a flood of margin calls. B. massive sales of the stock. C. the price to be pushed down even more. D. a massive amount of purchases.
Contrast the shapes of the supply curves for financial capital and land.
What will be an ideal response?
Consumer goods:
A.) Account for over two-thirds of total U.S. output. B.) Include nondurable goods but not durable goods. C.) Account for a smaller portion of GDP than government services. D.) Include durable and nondurable goods but not services.