ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What does the “I” stand for in the expenditures model equation?
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Intermediate goods
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Inclusive demand
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Investments
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Initial Supply
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Explanation:
Detailed explanation-1: -The income expenditure model uses the formula C+I+G+ (X-M), where “C” shows a market’s consumption goods, “I” highlights its gross investments, “G” represents all government purchases, “X” includes all exports and “M” shows market imports.
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