Diagram 6a

-Diagram 6a indicates that
A) aggregate spending and aggregate product are the same.
B) aggregate spending and aggregate income are the same.
C) aggregate product and aggregate income are the same.
D) aggregate spending and equilibrium income are the same.

Question

Diagram 6a
 
-Diagram 6a indicates that
A) aggregate spending and aggregate product are the same. 
B) aggregate spending and aggregate income are the same. 
C) aggregate product and aggregate income are the same. 
D) aggregate spending and equilibrium income are the same.

Quizplus · Accepted Answer

Aggregate product and aggregate income are essentially the same in the context of national income accounting, as the total value of goods and services produced (aggregate product) is equal to the total income earned from the production of these goods and services (aggregate income).

Diagram 6a -Diagram 6a Indicates That