Aggregate Expenditure Equals

question 231

Multiple Choice

Aggregate expenditure equals

• A) C + I + G + X - M.
• B) C + I + G + X + M.
• C) C + I + G.
• D) C + I + G + X.

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Definitions:

Political Ideology

A set of beliefs or ethics about how society should work and the role of government in it, often related to the political spectrum from left to right.

Stratified Societies

Societies in which people are hierarchically divided and ranked into social strata, or layers, and do not share equally in basic resources that support income, status, and power.

Indian Caste System

A hierarchical and traditional division of society into hereditary classes that dictate the occupation, social status, and marital alliances of its members.

Estates

Social or economic classes, particularly those seen in pre-modern societies, or refers to a large area of land owned by an individual or family.