What Are the Four Sources of Aggregate Demand

question 108

Multiple Choice

What are the four sources of aggregate demand?

• A)consumption, private investment, taxes, and expenditures
• B)consumption, private investment, wage increases, and government expenditures
• C)consumption, private investment, expenditures, and net exports
• D)consumption, private investment, government purchases, and net exports

Compute net income by contrasting total credits and debits from the income statement columns.

Distinguish between the implications of balance sheet credits exceeding debits and vice versa.

Relate the capital balance adjustments to its components including net income, withdrawals, and investments.

Apply proper adjusting entries for prepaid expenses and calculate the appropriate expense amount.

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