Using C to represent consumption, I to represent investment, G to represent government spending, S to represent saving, X to represent exports, and M to represent imports, aggregate expenditures can be represented by:

a. C + I + G + (X + M).
b. (C ? S) + G + (X ? M).
c. C + I + G + (X ? M).
d. C + I + G + (X ? M) ? S.


c

Economics

You might also like to view...

Suppose that you lend $5,000 to a friend who pays you back $5,400 the next year. Suppose that prices that year rose by six percent and the real rate of return in the stock market was five percent

Your friend says that he or she was being more than fair by giving you more than the rate of inflation as a return. What do you think?

Economics

Which of the following is NOT an assumption regarding people's preferences in the theory of consumer behavior?

A) Preferences are complete. B) Preferences are transitive. C) Consumers prefer more of a good to less. D) All of the above are basic assumptions about consumer preferences.

Economics

Moral hazard is a problem for the insurance industry

a. True b. False

Economics

Countries that typically run a trade surplus are:

A. China, Germany and the US. B. China, Japan, and the US. C. China, Germany, and Japan. D. Japan, Germany and the US

Economics