C+I+G+(X-M) Flashcards
1
Q
what is C
A
consumption
2
Q
what is I
A
investment
3
Q
what is G
A
government expenditure
4
Q
what is X
A
exports
5
Q
what is M
A
imports
6
Q
define consumption
A
consumers spending money on goods and services
7
Q
define investment
A
Increase in capital stock OR spending money now to produce more goods later
8
Q
define government expenditure
A
the money the government spends from their budget
9
Q
define exports
A
goods moved out of the country
10
Q
define imports
A
goods moved into the country
11
Q
define Net Exports
A
exports - imports
