The Sum of Planned Consumption Expenditure, Planned Investment, Planned Government

question 26

Multiple Choice

The sum of planned consumption expenditure, planned investment, planned government expenditures, and planned net exports is .

• A) aggregate expenditure
• B) the expenditure approach to real GDP
• C) aggregate planned expenditure
• D) real GDP

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Definitions:

Determinist

A philosophical position that suggests every event, action, and decision results from something independent of the human will.

Positivist Perspective

A philosophical approach that emphasizes empirical and scientific evidence to understand and explain social phenomena.

Absolutist

Adopting a perspective or stance that does not allow for flexibility, compromise, or variation; seeing things in an absolute, unchangeable way.

Positive Deviants

Individuals or groups who deviate from the norm in ways that have beneficial effects or contribute positively to society.