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Author Question: The largest single expenditure component of GDP is: a. consumption. b. investment. c. government ... (Read 41 times)

nautica902

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The largest single expenditure component of GDP is:
 a. consumption.
 b. investment.
 c. government purchases.
  d. net exports.

Question 2

The consumption function illustrates that:
 a. saving increases as disposable income decreases.
  b. consumption increases as saving increases.
  c. consumption increases as disposable income increases.
  d. consumption increases as disposable income decreases.
  e. consumption increases as investment increases.



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catron30

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Answer to Question 1

a

Answer to Question 2

c





 

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