The Largest Component of Aggregate Expenditure Is

question 16

Multiple Choice

The largest component of aggregate expenditure is

• A) consumption spending
• B) investment spending
• C) government purchases
• D) net exports
• E) a virtual tie between consumption spending and government purchases

---

Definitions:

Random Digits

A sequence of numbers in which each number has an equal probability of occurring and the occurrence of each number is independent of the others.

Electroconvulsive Therapy

A psychiatric treatment where seizures are electrically induced in patients to provide relief from mental disorders.

Short-Term Memory

Activated memory that holds a few items briefly, such as the seven digits of a phone number while dialing, before the information is stored or forgotten.

Memory Trace

A theoretical concept proposing that memories are stored as physical or chemical changes in the brain.