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Define consumption (C)
Measurement of all domestic household spending on goods and services within a given time period
State what factors affect consumption (C)
consumer confidence & income levels
Define Investment (I)
gross domestic private investment; measurement of total spending and investments made by firms on capital equipment
State what factors affect investment (I).
future economic predictions
interest rates
subsidies
taxes
business confidence
Define net exports (X-M) or (Xn)
total income earned from the sales of exports (X) to foreigners - total amount spent by
Note 
Flashcard (20)