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What is the largest component of total spending in the US economy?
Wiki User
∙ 11y ago
consumer spending
Wiki User
∙ 11y ago
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What is the appropriate measure of government s involvement in economic activity?
it is the share of government spending in total spending in the economy
What is the United States Largest component of total expenditures?
consumption
Why is the circular flow model important?
Total income in the economy must always equal total spending. :)
Demand pull inflation will continue so long as there is excess total spending in the economy True Or False?
True.
A deflationary gap occurs when an economy is in an expansion?
A deflationary gap occurs when ag­gregate demand is less than aggregate supply. Deflationary gap depicts a situation in which total spending in an economy is insufficient to buy all the output that can be produced without unemployment occurring.
What is Total consumption spending comprised of?
Total consumption spending is comprised of durable goods, non-durable goods, and services. Total consumption spending is a major economic factor in the US economy.
What is the appropriate measure of government s involvement in economic activity?
it is the share of government spending in total spending in the economy
What is the United States Largest component of total expenditures?
consumption
Why is the circular flow model important?
Total income in the economy must always equal total spending. :)
Demand pull inflation will continue so long as there is excess total spending in the economy True Or False?
True.
What economy does the UK have?
The United Kingdom's economy has a total gross domestic product of about $2.15 trillion in 2009, making it the world's seventh largest.
What is the aggregate expenditure function in terms of income?
the function that represents total spending in an economy at a given level of real disposable income.
How do you calculate nominal output?
Add all total expenditure in an economy at current prices, this includes government spending, consumption, investment and net exports.
A deflationary gap occurs when an economy is in an expansion?
A deflationary gap occurs when ag­gregate demand is less than aggregate supply. Deflationary gap depicts a situation in which total spending in an economy is insufficient to buy all the output that can be produced without unemployment occurring.
What is the largest box of Pampers Cruisers available?
The largest box of Pampers Cruisers available are: the economy plus pack. The number of diapers in each pack depends on the size. For a size 3 baby weighing 16 - 28 lbs, the economy pack contain a total of 186 diapers and 112 for a size 6 diaper. The economy pack costs $53.
Is Mexico rich cause of the food?
No. It is one of the largest producers and exporters of food in the world, but agricultural activities only represent 3.6% of Mexico's economy. It is also rich in natural resources, but its exports of such items represent about 24% of total exports. Mexico's largest activity by far is services and trade, which represent 60.7% of the economy. Manufactured products account for approximately 60% of total exports.
What is the biggest spending item in Illinois?
The largest line item in the Illinois state budget is education. In the 2014 budget, education takes up $38.2 billion of the $129 billion total. Pensions are a distant second at $15.5 billion.
