An identity is an equation that
A) describes an equilibrium.
B) pertains to macroeconomics, not to microeconomics.
C) must be true by the way the variables in the equation are defined.
D) involves final goods, not intermediate goods.
Correct Answer:
Verified
Q133: If total spending rises from one year
Q134: In a certain economy in 2005,households spent
Q135: In a certain economy in 2005,GDP amounted
Q136: In a certain economy in 2005,the value
Q140: In 2004,U.S.government purchases of goods and services
Q141: Suppose that the country of Samiam produces
Q142: Suppose a small economy produces only cheese
Q143: If the GDP deflator is 200 and
Q203: If net exports is a negative number
Q208: If real GDP doubles and the GDP
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