Total expenditure equals total income
A) if firms earn zero profit.
B) if firms do not save for future investment.
C) because firms pay out everything they receive as income to the factors of production.
D) only if net taxes equals government expenditures on goods and services.
E) only if firms sell all the goods they produce in a given time period.
Correct Answer:
Verified
Q20: Depreciation is
A)part of net domestic product at
Q21: Instead of taking the dirty laundry with
Q22: In recent years, which of the following
Q23: If nominal GDP increases from one year
Q24: Bob's Funky T-shirts began the year with
Q26: Using the chained-dollar method to calculate real
Q27: To calculate GDP it is necessary to
Q28: GDP is
A)an imperfect measure of the standard
Q29: In 1961, real GDP totaled $575 billion
Q30: In the business cycle, what immediately precedes
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