In our most basic model of the economy, the only expenditures made are:

Name: In our most basic model of the economy, the only expenditures made are:
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In our most basic model of the economy, the only expenditures made are consumption and investment. This is because consumption refers to the spending by households on goods and services, while investment refers to spending by firms on capital goods like machinery, equipment, and buildings to produce more goods and services in the future.

In Our Most Basic Model of the Economy, the Only