AD Flashcards
1
Q
ad
A
AD = C + I + G + (X-M)
2
Q
what is AD
A
Aggregate Demand (AD) is the total planned expenditure on goods and services in an economy in a given period of time.
3
Q
Gross National Income is the total income earned (1) (or output produced) by a country’s factors of production (1).
A
3
Q
A
3
Q
A
4
Q
A
4
Q
A
