Consumption,planned Private-Sector Investment,government Purchases,and Net Exports Are the Four Components

question 172

Multiple Choice

Consumption,planned private-sector investment,government purchases,and net exports are the four components of

• A) value added.
• B) potential output.
• C) planned aggregate expenditure.
• D) aggregate supply.
• E) economic productivity.

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Definitions:

Fruit

The ripened ovary, along with its seeds, of a flowering plant, usually eaten as food.

Grape

A small, round fruit, usually purple, green, or red, grown in clusters on vines, used for eating fresh or making wine.

Heuristics

Heuristics are mental shortcuts or rules of thumb that simplify decision making, often at the cost of accuracy or completeness.

Algorithms

Step-by-step procedures or formulas for solving problems or performing tasks.