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Author Question: The largest single expenditure component of GDP is: a. consumption. b. investment. c. government ... (Read 24 times)

nautica902

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

a

Answer to Question 2

c


nautica902

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Reply #2 on: Jun 30, 2018
Thank you :)


catron30

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Reply #3 on: Jun 30, 2018
Happy to help you


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