In equilibrium, the real value of household income must equal
A) the real value of output produced by firms.
B) the real value of all expenditures.
C) the sum of all goods produced in a year.
D) net GDP.
A
Economics
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Damian wants to start a business where he is the only owner and the company does not issue stock. The type of business Damian wants to start is a
A) sole proprietorship. B) partnership. C) corporation. D) Any of the above could be correct.
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When two firms in an industry become one firm, they are engaged in:
A. a trust agreement. B. a merger. C. predatory pricing. D. None of these.
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