If C Is Consumption,I Is Investment,G Is Government Purchases and NX

question 37

Multiple Choice

If C is consumption,I is investment,G is government purchases and NX is net exports,according to the expenditure approach,Y would stand for ________;and the national income identity could be written as ________.

• A)transfers;Y = C + I + G - NX
• B)CPI;Y = C + I + G + NX
• C)GDP;Y - C - I = G + NX
• D)income;Y = C - I - G + NX
• E)the real interest rate;Y = C + I + G + NX

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Definitions:

Bailment Relationships

Legal relationships arising when one party (the bailor) temporarily hands over control, but not ownership, of a property to another (the bailee) under an agreement.

Seventh Circuit

The Seventh Circuit refers to a division of the U.S. federal courts that covers parts of the Midwest, including states like Illinois, Indiana, and Wisconsin.

Conversion

Permanent interference with another’s use and enjoyment of his or her personal property.

Innkeepers

Entities that are regularly in the business of making lodging available to the public.