The Total Amount Spent on Final Goods and Services in the U.S.in

question 35

Multiple Choice

The total amount spent on final goods and services in the U.S.in 2009 was approximately ten trillion dollars.This total spending is referred to as

• A) investment demand.
• B) aggregate demand.
• C) market demand.
• D) consumption demand.

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Definitions:

Semiannual

Occurring twice a year; a term often used in the context of payments, reporting periods, or interest calculations.

Par Value

A nominal value assigned to a share of stock in the charter of a corporation, unrelated to market value.

Effective Interest Amortization

A method of allocating loan interest payments over the life of the loan, taking into account the varying principal amounts.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically expressed as an annual rate.