Aggregate Expenditure Is the Sum of

question 41

Multiple Choice

Aggregate expenditure is the sum of

• A) all types of spending by households and firms
• B) spending and savings by households
• C) spending by households and governments on final goods and services
• D) spending by households,government,firms,and foreigners on final goods and services
• E) all spending and saving by households,firms,and governments

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Definitions:

Midterm Results

The outcomes or scores obtained from exams or evaluations conducted halfway through an academic term.

Frequency Distribution

A summary of a set of data showing the frequency, or number of times, each value occurs.

Class

A set of entities, instances, or objects sharing common attributes, properties, or characteristics.

Inferential Statistics

The branch of statistics that allows drawing conclusions and making predictions about a population based on a sample of data.