Which Is the Smallest Component of Aggregate Expenditure

question 300

Multiple Choice

Which is the smallest component of aggregate expenditure?

• A)planned investment expenditures
• B)consumption expenditures
• C)government expenditures
• D)net export expenditures
• E)federal government tax revenue

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Definitions:

Factorial Design

An experimental design method used in statistics that allows the investigation of the effects of multiple factors by varying them together.

Replication

The process of repeating a study or experiment to confirm the findings of the original study.

Completely Randomized

A design of experiments where all the experimental units are allocated at random among all the treatments.

Degrees of Freedom

The number of independent values or quantities that can vary in an analysis without violating any constraints.