If an Economy Has Aggregate Output of $2 Trillion, Then

question 9

Multiple Choice

If an economy has aggregate output of $2 trillion, then aggregate income is ________.

• A) $1 trillion
• B) $2 trillion
• C) $3 trillion
• D) $4 trillion

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Definitions:

CCA Class

A categorization in the Canadian tax system that groups assets with similar properties for depreciation purposes.

Operating Income

This is the profit realized from a business's core operations, indicating the financial health of the business by excluding the effects of financing and investments.

Fixed Assets

Long-term tangible pieces of property or equipment a company owns and uses in its operations for generating income.

NPV

Net Present Value; a calculation used to determine the value of an investment by discounting future cash flows to present terms.