Which of the following is correct?
A) Aggregate income, aggregate expenditure and GDP are all equal.
B) Aggregate expenditure equals GDP but is less than aggregate income.
C) Aggregate income is greater than aggregate expenditure but equal to GDP.
D) Aggregate income is greater than GDP but equal to aggregate expenditure.
Correct Answer:
Verified
Q40: In the circular flow of economic activity
A)
Q41: Depreciation is defined as the
A) decrease in
Q42: Gross domestic product is the
A) total amount
Q43: GDP equals
A) C+I+G+X+M).
B) C+S+G+X-M)
C) C+I+G+X-M)..
D) C+S+G+X-M),
Q44: Gross investment is equal to
A) depreciation plus
Q47: Total output and total income in the
Q48: Gross investment equals
A) net investment + depreciation.
B)
Q49: Which of the following relationships is correct?
A)
Q50: Which of the following are equal to
Q59: 
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