The Spending Allocation Model Allows Economists to Determine How GDP

question 56

Multiple Choice

The spending allocation model allows economists to determine how GDP is allocated among the major components of spending, which are

• A)income, consumption, and savings.
• B)consumption, savings, government purchases, and net exports.
• C)consumption, investment, government purchases, and net exports.
• D)consumption, savings, taxes, and net exports.
• E)None of these

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Definitions:

Social Structure

The organized pattern of social relationships and social institutions that together compose society, determining the behavior of individuals and groups.

Social Constructionism

is the theory that much of what we understand about our world and ourselves is built through societal interactions and cultural norms rather than existing inherently.

Social Structure

The organized pattern of social relationships and social institutions that together constitute society.

Gender

Social and cultural constructs associated with being male, female, or non-binary, including roles, behaviors, activities, and attributes a society considers appropriate.