C + I + G + NX Equals

question 73

Multiple Choice

C + I + G + NX equals:

• A) aggregate expenditure.
• B) potential GDP.
• C) the output gap.
• D) the income-expenditure multiplier.

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Definitions:

Work in Process

Materials and products that are partially completed but not yet finished goods in the manufacturing process.

Finished Goods Inventory

The stock of completed products that are ready to be sold by a manufacturing company.

Vertical Analysis

An analysis that compares each item in a current statement with a total or key amount within the same statement.

Financial Statements

Financial reports that summarize the effects of events on a business.