The sum of personal consumption expenditure, investment expenditure, government expenditure, and net export expenditure on the total amount of real output in the economy in a given period of time is called:

A) potential GDP.
B) aggregate expenditure.
C) real money balances.
D) none of the above.


B

Economics

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A) increase government spending on roads. B) reduce marginal tax rates. C) reduce corporate taxes. D) reduce defense spending.

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If a positive externality results from the consumption of higher education, then the marginal benefit students receive from education:

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What is meant by a final good or service as opposed to an intermediate good or service? Why are only final goods and services included in the calculation of GDP?

Economics