Which economic term is associated with the following formula: C + I + G + (X...
Which economic term is associated with the following
formula:
C + I + G + (X – M)
Where C stands for consumption and X stands for exports
Homework Answers
Aggregate Demand is the total demand for the goods and services in an economy at a given period of time. It is represented by the below formula:
Aggregate Demand = C + I + G + (X - M),
Here, C = Consumption, I = Investment , G = Government Expenditure and Exports (X) - Imports (M) = Net Exports
So, from the above description, we can say that Aggregate demand is the economic term associated with the given formula.
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