In a Private Closed Economy, Aggregate Expenditures Will Equal GDP

question 180

Multiple Choice

In a private closed economy, aggregate expenditures will equal GDP where:

• A)consumption equals investment.
• B)consumption plus investment equals aggregate expenditures.
• C)planned investment equals saving.
• D)disposable income equals consumption minus saving.

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Definitions:

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally dangerous and harmful.

Forced Labor

Forced labor is work that individuals are compelled to do against their will, under threat of punishment or other forms of coercion, often in exploitative conditions.

Performance Contingency

A situation or condition where the outcome or success of a process or task is dependent on certain factors or performances being met.

Availability

The state of being readily accessible or obtainable when needed.