The income-expenditure identity is best paraphrased as
A) all spending generates income.
B) all income is spent.
C) all profits are used for investment spending.
D) on average, consumers cannot save.
E) on average, government can spend no more than what it collects in income taxes.
Correct Answer:
Verified
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A)exports
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Q37: Private disposable income is equal to
A)Y +
Q38: Suppose that g1 represents the ratio
Q39: Value added is equal to the value
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