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The Value of Total Output Must Equal the Value of Total

Question 112

Multiple Choice

The value of total output must equal the value of total income in an economy for all of the following reasons except


A) One person's expenditures on goods and services is another person's income.
B) Income earned is spent on goods and services,which creates additional production.
C) For the circular nature of spending and income in the economy.
D) Government expenditures must equal government revenues.

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