According to the Expenditure Approach, If Y Is GDP, C $Y = C + I + G$

question 92

Multiple Choice

According to the expenditure approach, if Y is GDP, C is consumption, I is investment, G is government purchases, and NX is net exports, the national income identity can be written as:

• A) \(Y = C + I + G\)
• B) \(Y = C + I + G - N X\)
• C) \(Y + C = I + G + N X\)
• D) \(Y = ( C + I + G ) / N X\)
• E) \(Y = C + I + G + N X\)

Recognize the historical trends in income distribution and poverty rates.

Identify different perspectives on poverty and solutions.

Understand the impact of setting different poverty lines on poverty rates.

Comprehend the significance of government policies on income distribution.

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Definitions:

Social Learning Theory

A theory that proposes individuals learn behaviors, skills, and attitudes through observation of others rather than through direct experience alone.

Reinforcement Theory

A behaviorist theory suggesting that behavior is shaped by its consequences, with reinforcement used to increase desired behaviors.

Need Satisfaction

the fulfillment of basic or complex desires or requirements essential for mental and physical well-being.

Verbal Persuasion

The technique of using spoken words to influence or convince others to adopt a particular viewpoint or take a specific action.