The largest component of aggregate spending in the Canadian economy is government spending on goods and...

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The largest component of aggregate spending in the Canadian economy is government spending on goods and services (G). True Fa

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Answer 1

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False

If we talk in simple terms then aggregate demand is the sum of personal consumption, government spending, business investment and net export

Where net export is the difference of export and import

If we talk about the Canadian economy then around 60% of its aggregate demand comes from the consumption part

Government spending is generally done on infrastructure, health, education, subsidies etc but it is not a major part contributor in Canada

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Historically, spending was the LARGEST component of U.S. GDP, at approximately 70% of aggregate spending. consumer...

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The largest component of aggregate spending in the Canadian economy is government spending on goods and...

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