Three friends went to a hotel and had breakfast to their taste, paying 16, 17 and 21
respectively (1) Find their mean expenditure. (ii) If they have spent 3 times the amount that
they have already spent, what would their mean expenditure be? (ii) If the hotel manager
offers 50% discount, what would their mean expenditure be? (iii) Do you notice any
relationship between the change in expenditure and the change in mean expenditure.
Answers
Answered by
2
Aggregate expenditure is the current value of all the finished goods and services in the economy. The equation for aggregate expenditure is: AE = C + I + G + NX
The aggregate expenditure equals the sum of the household consumption (C), investments (I), government spending (G), and net exports (NX).
Answered by
2
Answer:
hiii
sir mamali marchipera :-(
Similar questions