After a month, serum total PSA value was 1.2 ng/ml. In another blood test after 3 months, serum total PSA value rose to 7 ng/ml with a percent free PSA of 40%. The urologist recommended a transrectal ultrasound-guided prostate biopsy. The patient refused biopsy.
Of the four components of aggregate demand, consumption expenditure C is the largest contributing to between 60% and 70% of total expenditure. For this reason, we often start our analysis with this particular component.
Aggregate demand can be illustrated by reference to the circular flow of income. Aggregate demand is generated as income is transferred to spending as a result of the circular flow of income. Income is spent on consumer goods and services (C) plus spending on capital goods by firms (I).