In the double-entry bookkeeping system used to track the economy,_____.
A) the value of aggregate output equals the aggregate income paid for the resources used to produce that output
B) government spending on transfer payment is recorded
C) the earnings of all shareholders in the economy from the sale of shares are recorded
D) inventories are counted twice,once as investment and once as output
E) intermediate goods are counted twice,once as a type of output themselves and once as part of the final output
Correct Answer:
Verified
Q3: Which of the following actions would increase
Q4: Which of the following actions will decrease
Q5: Which of the following is an example
Q6: Which of the following is the best
Q7: Which of the following is not true
Q9: Rhonda sells a house she has owned
Q10: Which of the following would be included
Q11: Which of the following expenditures is included
Q12: Which of the following would be included
Q13: Which of the following is an example
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