Total spending in the economy is calculated as:
A)Y - C - I.
B)Y - I - G - NX.
C)C + I + G + (X - M).
D)C + I + G + (M - X).

Name: Total spending in the economy is calculated as: A)Y - C - I. B)Y - I - G - NX. C)C + I + G + (X - M). D)C + I + G + (M - X).
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Question

Quizplus · Accepted Answer

Total spending in the economy is calculated as consumption (C) plus investment (I) plus government spending (G) plus net exports (exports minus imports, or X - M), which is equivalent to C + I + G + (X - M).

Total Spending in the Economy Is Calculated As