In a Private Closed Economy, When Aggregate Expenditures Equal GDP

question 116

Multiple Choice

In a private closed economy, when aggregate expenditures equal GDP,

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

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Definitions:

Regressive Taxes

Taxation that takes a larger percentage from low-income earners than from high-income earners.

Gender-Related Tax Breaks

Tax policies that provide advantages to taxpayers based on their gender, often aimed at promoting gender equality or supporting families.

Class Consciousness

Refers to being aware of membership in a class.

Workers' Awareness

Refers to the consciousness of workers about their rights, working conditions, and issues affecting their labor and livelihoods.