Aggregate Expenditures Include All of the Following EXCEPT

question 1

Multiple Choice

Aggregate expenditures include all of the following EXCEPT

• A) purchases of guns by the government.
• B) consumption of food.
• C) purchases of intermediate goods.
• D) purchases of a piece of capital equipment.

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Definitions:

Adjustment

The process of adapting or becoming accustomed to new conditions or to a new environment.

Weber's Law

A rule which asserts that the minimal discernible change in a stimulus is a constant proportion of the initial stimulus.

Just Noticeable Difference

Just noticeable difference is the minimum difference in stimulation that a person can detect 50% of the time, also known as the threshold of sensory detection.

Grams

A metric unit of mass equal to one thousandth of a kilogram.