If Aggregate Planned Expenditure Equals GDP, Then

question 3

Multiple Choice

If aggregate planned expenditure equals GDP, then

• A) the change in firms' inventories must be negative.
• B) the change in firms' inventories must be positive.
• C) actual aggregate expenditure might be greater than, equal to or less than real GDP.
• D) there must be no change in firms' inventories.
• E) the change in firms' inventories must be equal to the planned change.

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Definitions:

Global Branding

The process of developing and conveying a consistent brand image and identity across different countries and cultures to achieve worldwide recognition.

Standardize

The process of making something conform to a standard in order to ensure consistency and compatibility.

Localise

To adapt a product, message, or strategy to meet the cultural, linguistic, and consumption preferences of a specific geographic region or community.

Unidirectional Flow

A process or communication method where information or resources move in only one direction, from sender to receiver, without a reciprocal exchange.