Author Question: Which components of aggregate expenditure change as a result of real GDP changing? A) consumption ... (Read 61 times)

audragclark · **on:** Jun 29, 2018

Which components of aggregate expenditure change as a result of real GDP changing?

A) consumption expenditure, investment, and government expenditure on goods and services
B) consumption expenditure and investment
C) consumption expenditure and imports
D) consumption expenditure and government expenditure on goods and services
E) consumption expenditure, investment, and exports

Question 2

Real GDP measures the value of goods and services produced in a given year using

A) base year prices.
B) prices of that same year.
C) future prices.
D) no prices.
E) government approved prices.