The Value of Total Output Must Equal the Value of Total

question 71

Multiple Choice

The value of total output must equal the value of total income in an economy for all of the following reasons except

• A)One person's expenditures on goods and services is another person's income.
• B)Income earned is spent on goods and services,which creates additional production.
• C)For the circular nature of spending and income in the economy.
• D)Government expenditures must equal government revenues.

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Definitions:

Nasal Cavity

The large air-filled space behind the nose, involved in breathing, smell, and mucus production to filter air entering the respiratory system.

Nasolacrimal Ducts

The ducts that carry tears from the lacrimal sacs of the eyes into the nasal cavity, facilitating tear drainage.

Cricoid Cartilage

Most inferior laryngeal cartilage.

Larynx

The hollow muscular organ forming an air passage to the lungs and holding the vocal cords; the voice box.