Which of the following is true of aggregate expenditure? It is the sum of all injections plus consumption. OIt includes C, I, G and X but not IM. O It is equal to total income. It always equals Y.
Which of the following is true of aggregate expenditure? It is the sum of all injections plus consumption. OIt includes C, I, G and X but not IM. O It is equal to total income. It always equals Y.
Chapter10: Income And Expenditures Equilibrium
Section: Chapter Questions
Problem 1E
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Transcribed Image Text:Which of the following is true of aggregate expenditure?
It is the sum of all injections plus consumption.
It includes C, I, G and X but not IM.
It is equal to total income.
It always equals Y.
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