Principles of Economics Study Set 4
Quiz 22: Spending, Output, and Fiscal Policy
Planned Aggregate Expenditure Is Total
Planned aggregate expenditure is total: A)value added in the economy. B)planned spending on final goods and services. C)income of households,businesses,governments,and foreigners. D)revenue from the sale of goods and services.
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The four components of planned aggregate expenditure are: A)spending on domestic goods,domestic services,foreign goods,and foreign services. B)spending on durable goods,inventory investment,government debt,and net exports. C)consumption,planned investment,government transfers,and net interest. D)consumption,planned investment,government purchases,and net exports.
All of the following would be included in planned aggregate expenditure EXCEPT: A)spending on consumer durables. B)planned changes in inventories. C)sales of domestically produced goods to foreigners. D)interest paid on the government debt.
All of the following would be included in planned aggregate expenditure EXCEPT: A)purchases of services provided by government employees. B)planned changes in inventories. C)sales of domestically produced goods to foreigners. D)social security payments.
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