The sum of consumption (C), investment (I), government spending (G), and net exports (X-M) is called:
A) autonomous spending.
B) aggregate expenditures.
C) Keynesian income
D) wealth.

Question

Quizplus · Accepted Answer

The sum of consumption (C), investment (I), government spending (G), and net exports (X-M) is called aggregate expenditures, which represents the total spending in an economy. Autonomous spending (A) refers to spending that does not depend on income levels, Keynesian income (Y) refers to the level of income at which aggregate expenditures equal production or output, and wealth (W) refers to the total value of assets owned by individuals or households.

The Sum of Consumption (C), Investment (I), Government Spending (G)