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:

Magnification

The process of enlarging the appearance of an object as viewed through an optical instrument like a microscope or telescope.

Microscope Stage

The platform on a microscope where the specimen is placed for examination.

Focusing

The act of directing one's attention or vision towards something specific.