The Four Components of Planned Aggregate Expenditure Are

question 138

Multiple Choice

The four components of planned aggregate expenditure are:

• A)spending on domestic goods, domestic services, foreign goods, and foreign services.
• B)spending on durable goods, inventory investment, government debt, and net exports.
• C)consumption, planned investment, government transfers, and net interest.
• D)consumption, planned investment, government purchases, and net exports.

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Definitions:

GDP

The total market value of all final goods and services produced within a country's borders in a given time period, serving as a broad indicator of economic activity.

Society's Welfare

Refers to the overall well-being and quality of life of the members within a society, often assessed by factors like health, economic stability, and education.

Measured

Quantified or assessed in terms of quantity, degree, or size.

GDP

Gross Domestic Product refers to the aggregate value of all products and services generated inside a nation's boundaries over a defined time frame.