If the Household Budget Constraint Is Aggregated Over All Household

question 25

Multiple Choice

If the household budget constraint is aggregated over all household, it shows that:

• A)consumption less net investment equal net national product.
• B)consumption plus net investment equals real GDP less depreciation.
• C)C - K = Y + K
• D)all of the above.

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Definitions:

Oral Mucosa

The mucous membrane lining the inside of the mouth, which can be a site of absorption for certain medications or a location for various diseases.

Satisfactory

Adequate or meeting the basic requirements; acceptable though not outstanding or excellent.

Age

The length of time that a person or organism has been alive or the period during which an object has existed.