In the study of macroeconomics, production leads to income, and income leads to production in a continuing cycle.

Name: In the study of macroeconomics, production leads to income, and income leads to production in a continuing cycle.
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This statement is true in macroeconomics. Production generates income which is then spent on goods and services, leading to further production and income. The cycle continues in a circular flow of income model.

In the Study of Macroeconomics, Production Leads to Income, and Income