Equation

 

1.    The above represents one of the most important variables in macroeconomics. Which of the following statements is FALSE about this ?

 

Answer

 

 

 

It is equal to GDP.

 

 

It is equal to aggregate expenditure.

 

 

It is equal to consumption, investment, government purchases, and net exports for an economy.

 

 

It measures the market value of all final goods and services produced in the economy annually.

 

 

It measures economic performance.

 

 

Its components are broken down with the circular flow of income and expenditure model.

 

 

It is equal to disposable income times net taxes.

 

 

 

Answer

Study Cred Tutor

4.6 (24k+)
4.6/5

Purchase the answer to view it

×

Hello!

Click one of our contacts below to chat on WhatsApp

× How can I help you?