Which of the following is CORRECT?
A) Aggregate expenditure equals GDP but is less than aggregate income.
B) Aggregate income is greater than GDP but equal to aggregate expenditure.
C) Aggregate income is greater than aggregate expenditure but equal to GDP.
D) Aggregate income, aggregate expenditure and GDP are all equal.
Correct Answer:
Verified
Q49: Which of the following are equal to
Q50: Gross investment equals
A) net investment - depreciation
Q51: Choose the best statement.
A) GDP equals aggregate
Q52: Which of the following relationships is CORRECT?
A)
Q53: Depreciation is defined as the
A) decrease in
Q55: Gross domestic product (GDP) is
A) the value
Q56: Gross domestic product can be calculated
A) either
Q57: The circular flow shows that
A) aggregate production
Q58: Total output and total income in the
Q59: 
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