Multiple Choice
If there is no government and no foreign sector in the economy
A) personal income and disposable personal income are unequal.
B) international trade is an important component of total spending.
C) gross domestic product equals consumption plus investment.
D) budget and trade deficits are important parts of the model of the economy.
Correct Answer:

Verified
Correct Answer:
Verified
Q154: Expectations of large increases in income lead
Q155: Injections in the simple Keynesian model are
Q156: Personal consumption expenditures<br>A) constitute 30% of GDP.<br>B)
Q157: The largest component of aggregate expenditures is<br>A)
Q158: (Table) The table shows data on consumption
Q160: In the Keynesian aggregate expenditures model, prices
Q161: Classical economists believed that the forces of
Q162: One of the determinants of investment is
Q163: (Figure: Simple Keynesian Model) In the figure,
Q164: Income rises when desired investment is<br>A) greater