Read the Two Statements Below and Indicate If They Are

question 324

Multiple Choice

Read the two statements below and indicate if they are true or false.
I. Autonomous expenditures change when GDP changes.
II. Aggregate planned expenditure is the sum of planned consumption expenditure, investment, government expenditure, and net exports.

• A) I and II are both false.
• B) I is true and II is false
• C) I and II are both true.
• D) I is false and II is true.

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Definitions:

Ownership Test

Criteria used to determine if an individual or entity has the necessary ownership interest in a property or investment to qualify for certain tax benefits.

Personal Residence

The home in which a person or family lives as their primary place of residence, potentially qualifying for certain tax benefits.

Gain Exclusion

A provision in tax law allowing taxpayers to exclude certain types of financial gains from their taxable income, such as the sale of a primary residence.

Spouse

A legally wedded husband or wife.