Answer:
Aggregate expenditure (AE) = C + I + G + NX
Explanation:
Aggregate expenditure (AE) gives the total value of all finished goods and services available in an economy. From the equation above;
C = Consumption, defined as the total consumption of household over a period in view
I = Investment, which provides the total expenditure on capital goods
G = Government expenditure, which provides the total spend by all arms of government; federal, state, and local government.
NX = Net exports, which provides a value for the total exports less the total imports.
Answer – Political and legal institutions
In the ancient times, the responsibility to maintain and
foster societal order was solely a function of the family, but in modern times,
this responsibility has shifted to the government through the <span>political
(Executive and Legislature) and legal (Judiciary) institutions.</span>
Three main agricultural crops of various Native American groups in North America
The United States is the biggest source of foreign aid. The plans developed are primarily intended for economic development. Other goals are fighting disease, backing up neighboring countries and implementing disaster relief. Although, evaluation of its effectiveness might sometimes be volatile. The measure of its effectiveness could be based on how its purpose was accomplished effectively.
