For an economy as a whole,income must equal expenditure because

Name: For an economy as a whole,income must equal expenditure because
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Income equals expenditure because every dollar spent by a buyer is a dollar of income for a seller. In other words, one person's spending becomes another person's income. This cycle continues throughout the economy, ensuring that overall income equals overall expenditure. This is known as the circular flow of income and spending. Choices A, B, and D are incorrect.

For an Economy as a Whole,income Must Equal Expenditure Because