Which of the Following Are Equal to One Another

question 266

Multiple Choice

Which of the following are equal to one another?
I. aggregate production
II. aggregate expenditure
III. aggregate income

• A) II equals III, but not I.
• B) I equals II equals III.
• C) I equals III, but not II.
• D) I equals II, but not III.

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Definitions:

Compensating Differentials

Compensating Differentials are wage differences that arise between jobs due to the desirability of the job itself, including factors such as risk, work conditions, or location.

Systematic Discrimination

Processes and practices that lead to consistent and widespread unequal treatment of individuals based on race, gender, or other characteristics.

Wage Paid

The amount of money that employers pay to employees for their labor or services within a given time period.

Workers

Individuals employed by others or self-employed, contributing labor to produce goods or provide services.