The Key Idea of the Aggregate Expenditure Model Is That

question 71

Multiple Choice

The key idea of the aggregate expenditure model is that in any particular year, the level of GDP is determined mainly by

• A)investment spending.
• B)export spending.
• C)government spending.
• D)the level of aggregate expenditure.
• E)household savings.

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Definitions:

Ediacaran

The geological period approximately 635 to 541 million years ago, preceding the Cambrian, known for its distinct soft-bodied fauna.

Photosynthetic Pigments

Substances produced by plants, algae, and certain bacteria to absorb sunlight and convert it into chemical energy during photosynthesis.

Enzymes

Biological molecules that act as catalysts, speeding up reactions in living organisms without being consumed in the process.

Toxins

Poisonous substances produced by living organisms, often used as defense mechanisms against predators or to incapacitate prey.