Induced Expenditure Includes

question 84

Multiple Choice

Induced expenditure includes

• A)consumption expenditure and exports.
• B)consumption expenditure and imports.
• C)consumption expenditure and government expenditure on goods and services.
• D)consumption expenditure,government expenditure on goods and services,and imports.
• E)investment,consumption expenditures and exports.

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Definitions:

Merchandise Inventory

Refers to the goods a company intends to sell to customers that are purchased from suppliers or manufactured.

Accounts Payable

Accounts Payable is a liability account on a company's balance sheet representing money owed to creditors for goods and services purchased on credit.

Sales Price

The amount of money a buyer pays to a seller for the purchase of a good or service.

Accounts Receivable

Money owed to a company by its customers from the sale of products or services on credit.