Total income from the domestic production of final goods and services equals
A) only household expenditures on these goods and services
B) only household and business expenditures on these goods and services.
C) only household and government expenditures on these goods and services.
D) the expenditures on these goods and services by whoever buys them.
Correct Answer:
Verified
Q17: Income generated by a nation's domestic production
A)is
Q18: For an economy as a whole,income must
Q19: Which of the following statements about GDP
Q22: In the simple circular-flow diagram,with households and
Q23: According to the circular-flow diagram,GDP
A)can be computed
Q24: For an actual economy,total expenditures on goods
Q25: According to the circular-flow diagram GDP
A)can be
Q27: According to the circular-flow diagram GDP
A)can be
Q142: Because every transaction has a buyer and
Q152: In the actual economy, goods and services
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