Choose the BEST statement.
A) GDP equals aggregate expenditure and equals aggregate income.
B) GDP always equals aggregate expenditure and sometimes equals aggregate income.
C) An increase in compensation of employees increases aggregate income but does not change GDP.
D) An increase in government purchases increases aggregate expenditure but does not change GDP.
Correct Answer:
Verified
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Q90: Gross domestic product is the
A)total amount that
Q91: Transfer payments
A)refer to payments made by the
Q92: Q94: The largest component of national income is Q95: In computing GDP, it is essential to Q96: In the circular flow of income![]()
A)rental
A)include
A)households demand
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