Total expenditure equals total income
A) because firms pay out everything they receive as income to the factors of production.
B) only if firms sell all the goods they produce in a given time period.
C) if firms do not save for future investment.
D) only if net taxes equals government expenditures on goods and services.
E) if firms earn zero profit.
Correct Answer:
Verified
Q24: The expenditure approach values _ and the
Q25: The income approach measures GDP by summing
A)
Q26: Nominal GDP is GDP
A) after adjusting for
Q27: Nominal GDP increases
A) only if the productivity
Q28: Nominal GDP measures the value of goods
Q30: Everything else the same, if government expenditure
Q31: In comparing the magnitudes of the components
Q32: The purchase of 500 Westpac shares by
Q33: According to the income approach to measuring
Q34: ![]()
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