19 Nov 2021
Problem 19
Page 889
Section: CRITICAL THINKING QUESTIONS
Chapter D: The Expenditure-Output Model
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19 Nov 2021
Introduction
Aggregate expenditure(AE) is the current value of all the finished goods and services in the economy. It is the sum of all the expenditures undertaken in the economy by the 4 factors- household sector, private sector, government sector, export and this is equationally denoted as AE=C+I+G+X.
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