Q.1.8 In the national income accounts: (2) (1) Total spending is always equal to total production and income. (2) Total spending is always greater than total production and income. (3) Total spending is always less than total production and income. (4) Total spending may be greater than, equal to or less than total production and income.
Q.1.8 In the national income accounts: (2) (1) Total spending is always equal to total production and income. (2) Total spending is always greater than total production and income. (3) Total spending is always less than total production and income. (4) Total spending may be greater than, equal to or less than total production and income.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 2WNG
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Q.1.8 In the
(1) Total spending is always equal to total production and income.
(2) Total spending is always greater than total production and income.
(3) Total spending is always less than total production and income.
(4) Total spending may be greater than, equal to or less than total production
and income.
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