The national income spending identity can be expressed as:
A. M + V = C + I + G + NX.
B. M = Y + C + I + G + NX.
C. Y = M + V + P.
D. Y = C + I + G + NX.
Ans: D. Y = C + I + G + NX.
Economics
You might also like to view...
Three forces played a significant role in preparing Indian policy makers for economic reform. Describe them
What will be an ideal response?
Economics
Foreign aid to the DVCs has been criticized:
A. because it may generate economic dependence on the IACs. B. because it encourages the centralization of government power over the economy. C. because government corruption in the DVCs causes aid to be misused. D. for all of these reasons.
Economics