In a closed economy with no government, ________ is consumption plus investment.
A) saving
B) national income
C) aggregate expenditures
D) real spending

Name: In a closed economy with no government, ________ is consumption plus investment. A) saving B) national income C) aggregate expenditures D) real spending
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Question

Quizplus · Accepted Answer

In a closed economy with no government, there are no taxes or public transfers. Therefore, aggregate expenditures (total spending) in the economy are equal to consumption plus investment.

In a Closed Economy with No Government, ________ Is Consumption