The fundamental identity of national income accounting tells us that
A) total production = total income = total expenditure.
B) total production = total income - total expenditure.
C) total production = total income + total expenditure.
D) total production < total income + total expenditure.
Correct Answer:
Verified
Q12: Underground activities in the economy are
A)excluded from
Q13: Because government services are not sold in
Q13: Beautiful Boating purchases five new boats at
Q14: One problem with using market values to
Q17: The value added of a producer is
Q17: Countries A and B have the same
Q18: The national income accounts
A)are an accounting framework
Q19: The Compagnie Naturelie sells mounted butterflies,using butterfly
Q20: The A company collects bushels of wild
Q21: In 2001 private saving in the country
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents