The Total Amount Spent on Final Goods and Services in the U.S.in

question 35

Multiple Choice

The total amount spent on final goods and services in the U.S.in 2009 was approximately ten trillion dollars.This total spending is referred to as

• A) investment demand.
• B) aggregate demand.
• C) market demand.
• D) consumption demand.

---

Definitions:

Sensory Memory

The shortest-term element of memory which acts as a buffer for stimuli received through the senses.

Memory Skill

The ability to encode, store, and retrieve information effectively from one's mind.

Cognitive Development

The process by which individuals perceive, think, and gain understanding of their world through the interaction of genetic and learned factors.

Information Processing Approaches

Models that seek to identify the ways individuals take in, use, and store information.