Which of the Following Is Correct

question 279

Multiple Choice

Which of the following is correct?

• A) Aggregate income is greater than aggregate expenditure but equal to GDP.
• B) Aggregate income, aggregate expenditure and GDP are all equal.
• C) Aggregate income is greater than GDP but equal to aggregate expenditure.
• D) Aggregate expenditure equals GDP but is less than aggregate income.

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Definitions:

Written Contract

A formal agreement between two or more parties that is expressed in writing and is binding under law.

Binding Written Agreement

A contract documented in writing that is legally enforceable between two or more parties.

Entrepreneurship

The act of creating, designing, and running a new business, often initially a small business, offering products, processes, or services for sale or hire.

Emancipated Minor

A legal status granted to individuals under the age of 18, allowing them to enjoy adult rights and responsibilities due to certain circumstances.