The Largest Component of Aggregate Expenditure Is _____

question 58

Multiple Choice

The largest component of aggregate expenditure is _____.

• A)government purchases
• B)transfer payments
• C)imports
• D)consumption
• E)investment

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Definitions:

Income

Financial earnings acquired regularly from work or investment profits.

Total Utility

The total satisfaction or benefit derived by a consumer from consuming a given quantity of goods or services.

Utils

A hypothetical unit of measurement used in economics to quantify utility or satisfaction gained from consuming a good or service.

Process Innovation

The implementation of a new or significantly improved production or delivery method in business operations.