National income accounting reveals that the value of total production in an economy
A) is always greater than the value of total income in the economy.
B) is always less than the value of total income in the economy.
C) is always equal to the value of total income in the economy.
D) may be greater than, less than , or equal to the value of total income in the economy.
C
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The "solvency condition" states that the debt-GDP ratio will rise continuously so long as
A) the real GDP growth rate exceeds the real interest rate. B) the real interest rate exceeds the real GDP growth rate. C) the real interest rate exceeds the nominal interest rate. D) the nominal interest rate exceeds the cost of borrowing.
A loan contract that requires the borrower to keep a certain percentage of its assets in cash is an example of ________
A) screening B) monitoring C) a restrictive covenant D) a patent contract