The Two Parts of Planned Aggregate Expenditure Are ________ Expenditures

question 39

Multiple Choice

The two parts of planned aggregate expenditure are ________ expenditures and ________ expenditures.

• A)real; nominal
• B)inflated; deflated
• C)autonomous; induced
• D)positive; normative

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Definitions:

Year-end Consolidation

The process of combining and integrating all financial statements and data of a corporation and its subsidiaries at the end of the fiscal year to produce consolidated financial statements.

Cost of Goods Sold

The financial charges directly linked to the fabrication of products sold by a company, involving both materials and labor input.

Net Income

The profit a company retains after all expenses and taxes have been removed from its revenue.

Inventory

A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold.