The Sum of the Components of Aggregate Expenditure That Vary

question 212

Multiple Choice

The sum of the components of aggregate expenditure that vary with real GDP is called

• A) autonomous consumption.
• B) induced expenditures.
• C) autonomous expenditures.
• D) the MPC.

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Definitions:

Change Fund

A change fund is a set amount of money, composed of various denominations, used to make change for transactions in business operations.

Cash Register

A mechanical or electronic device for calculating and recording sales transactions, and an attached drawer for storing cash.

Cash Sales

Transactions where the payment for goods or services is made immediately in cash, without extending credit.

Cash Register Total

The sum amount of cash transactions recorded by a cash register within a certain time period.