The National Income and Product Accounts identity states:
A) $\text { Expenditure = Production } + \text { Income }$
B) $\text { Production } = \text { Expenditure } - \text { Income }$
C) $\text { Production = Expenditure + Income }$
D) $\text { Expenditure = Production } - \text { Income }$
E) $\text { Production } = \text { Expenditure } = \text { Income }$

Question

Quizplus · Accepted Answer

The National Income and Product Accounts (NIPA) identity states that production, expenditure, and income are equal, reflecting the circular flow of the economy.

The National Income and Product Accounts Identity States: A) Expenditure = Production + Income \text { Expenditure = Production } + \text { Income } Expenditure = Production + Income

The National Income and Product Accounts Identity States:
A) $\text { Expenditure = Production } + \text { Income }$