Which of the following is correct?
A) Aggregate income is greater than aggregate expenditure but equal to GDP.
B) Aggregate income, aggregate expenditure and GDP are all equal.
C) Aggregate income is greater than GDP but equal to aggregate expenditure.
D) Aggregate expenditure equals GDP but is less than aggregate income.
Correct Answer:
Verified
Q47: Gross domestic product is the
A) value of
Q48: The circular flow shows that
A) GDP equals
Q49: Which of the following relationships is correct?
A)
Q50: Comparing aggregate expenditure and aggregate incomes shows
Q51: Choose the best statement.
A) An increase in
Q53: Net investment equals
A) capital stock minus depreciation.
B)
Q54: Depreciation is subtracted from gross domestic product
Q55: Gross domestic product can be calculated
A) by
Q56: In the nation of Nirvana, depreciation is
Q57: Comparing gross domestic product and net domestic
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