When Aggregate Expenditure Is More Than GDP,which of the Following

question 166

Multiple Choice

When aggregate expenditure is more than GDP,which of the following is true?

• A)There was an unplanned decrease in inventories.
• B)Firms spent less on capital goods than they planned.
• C)Households bought fewer new homes than they planned.
• D)All of the above must be true when aggregate expenditure is more than GDP.

---

Definitions:

Poverty

A condition where individuals or groups lack the financial resources to meet a standard of living that includes basic life necessities.

Anglo-American Culture

The shared cultural heritage and social norms derived primarily from the historical, linguistic, and political ties between Britain and the United States.

King George's War

A conflict between Great Britain and France in North America from 1744 to 1748, part of the War of the Austrian Succession.