Which of the Following Lists Correctly Identifies the Four Expenditure

question 10

Multiple Choice

Which of the following lists correctly identifies the four expenditure categories of GDP?

• A)consumption,government purchases,investment,net-exports
• B)consumption,investment,depreciation,net-exports
• C)consumption,saving,investment,depreciation,
• D)consumption,government purchases,investment,savings

Discuss the emphasis of different trade strategies and their impact on domestic and international markets.

Analyze the role of government intervention in influencing economic strategies such as export promotion or import substitution.

Understand the significance of foreign aid, its coordination, and the way it flows through different channels.

Recognize the role and effect of international loans and foreign aid on developing countries' economies.

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Definitions:

Perfect Competitor

An ideal market condition where all sellers offer identical products, leading to equal market share and no price control.

Input

Resources used in the process of production, such as labor, materials, and capital.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another more or less expensive one.

Wage Rate

The standardized amount of money paid to an employee per unit of time or piece of work completed.