The components of aggregate expenditure that change when real GDP ...

[formula1]

The components of aggregate expenditure that change when real GDP changes are known as
 
  A) unplanned expenditure.
  B) induced expenditure.
  C) autonomous expenditure.
  D) changeable expenditure.
  E) planned expenditure.

Question 2

What are GATT and the WTO?
 
  What will be an ideal response?

[janieazgirl]

Answer to Question 1

B

Answer to Question 2

GATT is the General Agreement on Tariffs and Trade. It is an international agreement, established in 1947, that has lowered trade barriers among its more than 149 nation members. The WTO is the World Trade Organization, which was established in 1995 to enforce GATT and other international trade agreements, resolve trade disputes, and host trade negotiations.