According to the Preamble of the U

question 37

Multiple Choice

According to the Preamble of the U.S. Constitution, which of the following is one of the purposes of government?

• A) to promote justice and secure the "blessings of liberty"
• B) to maintain peace at home
• C) to guarantee an equal distribution of wealth for all citizens
• D) to guarantee happiness

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Definitions:

Aggregate Income

The total income earned by all individuals and entities in an economy over a specific time period.

Final Output

The total value of goods and services produced by an economy after adjusting for intermediate goods used in production, representing the end products available for consumption, investment, exports, and government spending.

Aggregate Expenditure

The total spending on goods and services in an economy during a specific period, including consumer spending, investment, government spending, and net exports.

Consumption Expenditures

Spending by households on goods and services, excluding new housing.