Bernardo Sedano
July 27, 2012
Macroeconomics
Final Exam
1. Use a chart to explain and demonstrate consumer surplus with demand curve for willingness to pay.
2. Identify items of household consumption expenditures, business expenditures, and government expenditures.
Items of household consumption expenditures include food & beverages, clothing & footwear, housing, household goods, transport, hotels, recreation, health, and other goods. Spending by the government sector including…
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