Multiple Choice
Total spending in an economy is the sum of
A) durable goods plus nondurable goods plus services.
B) imports minus exports.
C) personal consumption plus gross private investment plus government spending plus net exports.
D) food consumption plus housing expenditures plus business expenditures plus government spending.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Using the income approach to calculating GDP,
Q7: The income approach to measuring GDP involves
Q8: We should MOST likely expect a recession
Q9: When Andrea was a poor college student,
Q10: Which item is NOT a category of
Q12: Government expenditures include _ and _ but
Q13: Net exports equal<br>A) imports minus exports.<br>B) imports
Q14: Which is NOT a criticism of the
Q15: Business cycles are alternating increases and decreases
Q16: Which activity is an example of a