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What else can I help you with?
How is opportunity cost related to the supply of goods and services?
Opportunity cost: Determining whether a purchase is a need or a want and realizing that once the money has been spent, it is gone.
The money spent by firms in order to produce and sell their goods and services is called?
For Plato Users: production costs
What is an aggregate expenditure?
expenditure money paid out; an amount spent expenditure the act of spending money for goods or services expenditure the act of consuming something
What is a total consumption budget?
Total income spent on the consumption of goods and services.
Money spent on the purchase of a new house is included in the GDP as a part of what?
Investment.
How is opportunity cost related to the supply of goods and services?
Opportunity cost: Determining whether a purchase is a need or a want and realizing that once the money has been spent, it is gone.
The money spent by firms in order to produce and sell their goods and services is called?
For Plato Users: production costs
What word describes money spent on items you purchased?
The word that describes money spent on items you purchased is "expenditure." This term refers to the total amount of money spent on goods and services. It encompasses both essential and discretionary spending, highlighting the outflow of funds from your budget.
What is an aggregate expenditure?
expenditure money paid out; an amount spent expenditure the act of spending money for goods or services expenditure the act of consuming something
Is savings considered an expense?
No, savings is not considered an expense. Savings is the money that is set aside for future use or emergencies, while expenses are the money spent on goods and services.
What is a health care expenditure?
It represent all money being spent for all health goods and services - both public and private. jhtlrnman
What is a total consumption budget?
Total income spent on the consumption of goods and services.
What percent of disposable income was spent globally on goods and services?
65 to 70 %
What are the Amount spent in order to produce and sell the goods and services is called?
Expensive
How much money is spent on sports goods in the UK yearly?
£10
What is a good sentence with millionaire in it?
The millionaire slowly lost all of his money as he spent it on goods.
What does expended mean?
It means the same as spent. Money which is expended is spent. A battery which is expended is spent; it has been used up.
