In the Simple Macroeconomic Model,what Are "Autonomous Expenditures

question 116

Multiple Choice

In the simple macroeconomic model,what are "autonomous expenditures"?

• A)expenditures that are dependent on national income
• B)expenditures that are not dependent on national income
• C)induced expenditures
• D)expenditures that are constant
• E)non-domestic expenditures

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Definitions:

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Balance Sheet Account

An account found on the balance sheet, which is one of the three principal financial statements; these accounts include assets, liabilities, and shareholders' equity.

Depreciation Expense

The portion of the cost of an asset that is allocated as an expense over its useful life, reflecting the decrease in value over time.

Overstate Assets

Reporting a company's assets at a value higher than their actual worth, which can inaccurately represent financial health.