If ‘C' denotes consumption expenditure, ‘I' denotes investment expenditure, ‘G' denotes government expenditure and ‘X' denotes net exports, then C + I + G + X equals:
a. net national product.
b. disposable personal income.
c. net exports.
d. personal income.
e. gross domestic product.
e
Economics
You might also like to view...
Prices of related goods are a determinant of demand but not supply
Indicate whether the statement is true or false
Economics
Higher efficiency in the economy can be reached if prices are held low by law.
Answer the following statement true (T) or false (F)
Economics
The net national savings rate for the United States, compared with that of other industrial nations is
A. much higher. B. a little higher. C. lower.
Economics
What are the two characteristics that differentiate private goods from public goods?
A. marginal cost and marginal benefit B. negative externality and positive externality C. ownership and usage D. rivalry and excludability
Economics