Author Question: If consumption expenditures are 200 billion, total investment is 50 billion, government purchases ... (Read 66 times)

Redwolflake15 · **on:** Jun 30, 2018

If consumption expenditures are 200 billion, total investment is 50 billion, government purchases are 40 billion, exports are 45 billion, imports are 40 billion, aggregate expenditures must be:
a. 275 billion.
b. 295 billion.
c. 320 billion.
d. 395 billion.

Question 2

Which of the following defines the unit of account function of money?
a. A common measurement of the relative value of different goods and services.
b. The ability of money to hold value over time.
c. The materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity value.
d. Money is widely accepted in exchange for goods and services.