Which of the Following Are Equal to One Another

question 97

Multiple Choice

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

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

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Definitions:

Treaty

A formal and binding agreement between sovereign states or international entities, often in written form, pertaining to international law.

Lease

A contract by which one party conveys land, property, services, or goods to another for a specified time, usually in return for a regular payment.

Consideration

The value (such as money, a promise, or a service) exchanged between parties in a contract, making the agreement legally binding.

Right to Possession

The legal authority to control or occupy a piece of property, either by ownership or by lease.