One person's spending is other people's income. Consequently, an initial change in spending (consumption, investment, government, or net exports) usually results in a larger change in national levels of income, spending, and output.
Standard detail
6.
Benchmark
Depth 1Parent ID: 370984F1735D4DED9DF9365CC33EEAAAStandard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 6.
- List ID
- 6.
- Standard ID
- 048904B054684B5982EE0CCD859711C6
- ASN identifier
- S2604859
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 370984F1735D4DED9DF9365CC33EEAAA
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US