Author Question: Comparing aggregate expenditure and aggregate incomes shows that A) aggregate expenditure is ... (Read 154 times)

P68T · **on:** Jun 29, 2018

Comparing aggregate expenditure and aggregate incomes shows that

A) aggregate expenditure is usually greater than aggregate income.
B) aggregate income is usually greater than aggregate expenditure.
C) they are equal.
D) aggregate income cannot equal aggregate expenditure if we have any savings.

Question 2

The term capital, as used in macroeconomics, refers to

A) the plant, equipment, buildings, and inventories of raw materials and semi-finished goods.
B) financial wealth.
C) the sum of investment and government purchases of goods.
D) investment.