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Author Question: Discuss the components of GDP using the expenditure approach.[br][br][b][color=#7BCCB5]Question ... (Read 22 times)

shofmannx20

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on: Jun 30, 2018
Discuss the components of GDP using the expenditure approach.

Question 2

In the aggregate demand and supply model, the:
 a. aggregate supply curve is horizontal at full-employment real GDP.
  b. vertical axis measures real GDP.
  c. vertical axis measures the average price level.
  d. All of these.
  e. None of these.


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Anna

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Reply #1 on: Jun 30, 2018
Answer to Question 1

GDP equals consumption spending plus investment spending plus government spending plus net exports; GDP = C + I + G + (X  M).

Answer to Question 2

c


shofmannx20

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
Excellent

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