In the Very Short Run, the Components of Aggregate Planned

question 88

Multiple Choice

In the very short run, the components of aggregate planned expenditure that depend on the level of real GDP are

• A) planned government expenditures on goods and services and planned imports.
• B) planned investment and planned exports.
• C) planned wealth and planned imports.
• D) planned consumption expenditure and planned imports.

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Definitions:

Building Expense

Costs incurred for the operation, maintenance, and repair of building properties.

Advertising Expense

The costs incurred to promote products or services, typically through various media channels.

Gross Sales

The total revenue generated from sales of goods or services before any deductions are made for returns, allowances, or discounts.

Allocation

The process of assigning a cost or a group of costs to one or more cost objectives, in reasonable and realistic manner.