For the aggregate economy, income equals
A) expenditure equals GDP only if there is no depreciation.
B) expenditure, but these are not generally equal to GDP.
C) expenditure equals GDP.
D) expenditure equals GDP only if there is no government or foreign sectors.
E) GDP, but expenditure is generally less than these.
Correct Answer:
Verified
Q1: Which one of the following is an
Q2: Which of the following would be an
Q3: Which one of the following is false?
A)Y
Q4: SaskWidget produces plastic parts.At the beginning of
Q6: Which one of the following is true?
A)Y
Q7: The purchasers in the goods markets are
A)households
Q8: In the circular flow model,
A)firms are sellers
Q9: In calculating GDP, economists use the value
Q10: Suppose the economy's capital increases over the
Q11: The change in capital from year to
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