The Formula for Aggregate Expenditure Is

question 131

Multiple Choice

The formula for aggregate expenditure is

• A)AE = C + I + G.
• B)AE = C + I + G - NX.
• C)AE = C + I + G + NX.
• D)AE = C + I + depreciation - NX.
• E)AE = C + I + G + NX - foreign direct investment.

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Definitions:

Aptitude Tests

Standardized tests designed to measure an individual's potential to acquire skills or knowledge, commonly used in educational and professional settings.

General Ability

A person's overall capability to perform a wide variety of tasks, often associated with cognitive functions like reasoning, problem-solving, and understanding.

Scale Development

The process of designing, testing, and validating a scale or instrument for measurement, typically of attitudes, attributes, or behaviors.

Thurstone Scales

A psychometric scale developed by L. L. Thurstone, used to measure attitudes by asking respondents to agree or disagree with a series of statements, each weighted according to their position on an agree-disagree continuum.