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The gross domestic product ( GDP ) excludes the increase in inventories during a given period. the expenditures by government for newly produced goods and
The gross domestic product GDP excludes
the increase in inventories during a given period.
the expenditures by government for newly produced goods and services during a given period.
the value of intermediate goods produced in an economy during a given period.
the value of final output during a given period.
household expenditure on durable goods.
The gross domestic product GDP excludes
the increase in inventories during a given period.
the expenditures by government for newly produced goods and services during a given period.
the value of intermediate goods produced in an economy during a given period.
the value of final output during a given period.
household expenditure on durable goods.
Adecrease in disposable income will
shift the consumption function upward.
shift the consumption function downward.
cause an upward movement along the consumption function.
cause a downward movement along the consumption function.
make the consumption function flatter.
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