The fundamental identity of national income accounting implies ________
A) Expenditure = Production + Income
B) Expenditure = Production = Income
C) Income = Expenditure - Production
D) Income = Expenditure / Production
E) None of the above
B
Economics
You might also like to view...
The Reagan administration's policies were aimed at managing aggregate demand
a. True b. False Indicate whether the statement is true or false
Economics
The marginal propensity to save is
a. the change in saving divided by the change in income. b. the change in income divided by the change in saving. c. saving divided by income. d. income divided by saving. e. saving divided by consumption.
Economics