In a macroeconomic model without foreign trade or a government, aggregate demand is the sum of
Personal saving and private investment
Personal saving and persoanl consumption
Personal consumpton and private investment
Private investment and private consumption
Nominal GNP measure income
At the present time
Corrected for changes in interest
At current prices
An existing deflationary gap will be further increased by whihc two of the following
A fall in exports
A rise in tax revenue
A rise in government spending
Mountains and rivers are
National capital
National wealth
International capital
Which two of the following are excluded when measuring National income?
Value added in the output method
Transfer payments in the income method
Value of intermediate inputs in the output method
Consumer spending in the expenditure method
