Site MapHelpFeedbackAdvanced
Advanced
(See related pages)

1
How does government spending on goods and services differ from transfer payments?
A)The former is done by the federal government and the latter by provincial governments.
B)The former does not include investment spending, but the latter does.
C)The former represents payments for services performed, but the latter does not.
D)They are the same thing, and therefore there is no difference.
2
All of the following, except one, are true in equilibrium. Which is the exception?
A)Total leakages equal total injections
B)The value of production equals aggregate expenditures
C)Y = AE
D)The value of production equals consumer spending
3
In equilibrium, the value of production is equal to all of the following, except one. Which is the exception?
A)The total receipts of all businesses
B)Total income
C)Output plus inventory accumulation
D)Aggregate expenditures





To learn more about the book this website supports, please visit its Information Center.
Copyright (c)2015 McGraw-Hill Education .
Any use is subject to the Terms of Use and Privacy Notice | Report Piracy


Principles of MacroeconomicsOnline Learning Center

Home > Chapter 3 > Advanced