By definition,when the economy is in equilibrium it must be true that
A) leakages equal injections.
B) saving equals investment.
C) government spending equals taxes.
D) exports equal imports.
Correct Answer:
Verified
Q29: In a circular-flow diagram,the saving and taxation
Q30: Which of the following government outlays would
Q31: In calculating GDP,"transfer payments" are
A)included because they
Q32: Table 2-1 Q33: Adding up all transactions in the economy Q35: Suppose that steel produced this year is Q36: Which of the following is NOT an Q37: An intermediate good is Q38: Figure 2-1 Q39: A farmer sells raw milk for 50
A)always counted when measuring
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