Without the Government or the Foreign Sector in the Income-Expenditure

question 288

Multiple Choice

Without the government or the foreign sector in the income-expenditure model, consumption equals

• A) planned aggregate expenditures plus actual investment.
• B) planned aggregate expenditures minus inventory adjustment.
• C) planned aggregate expenditures plus planned investment.
• D) planned aggregate expenditures minus planned investment.

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Definitions:

Liver

A large, complex organ that secretes bile, helps maintain homeostasis by removing or adding nutrients to the blood, and performs many other metabolic functions.

Bile

A digestive fluid produced by the liver, stored in the gallbladder, and released into the small intestine, important for the digestion and absorption of lipids.

Enzymatically

Pertaining to the process or action facilitated by enzymes, which are proteins that catalyze biochemical reactions.

Jejunum

The middle section of the small intestine in most higher vertebrates, including humans, where the absorption of nutrients and minerals from digested food occurs.