AGGREGATE expenditure is the total amount spent of the economy’s output by all households, firms, foreigners as well as the government. The components of aggregate expenditure consist of household ...

The household sector receive their payments from the firms for productive activities they perform for the latter. There may fundamentally be four kinds of contributions that can be made during the ...

An economy’s growth is like sailing on two boats tugged to each other. On one side is the supply or the production of goods and services. GDP, or gross domestic product, is the value the production ...