Which of the Following Is CORRECT

question 90

Multiple Choice

Which of the following is CORRECT?

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

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Definitions:

Consumer Protection Act

A legal provision designed to protect the rights of consumers from unfair trade practices, defective goods, and misleading advertisements.

Treble Damages

A legal provision allowing a court to triple the amount of damages to be awarded, typically used as a punishment in certain lawsuits.

Antitrust Violations

Actions conducted by businesses that result in unfair competition, mainly through practices that aim to establish or maintain monopolies or stifle competition.

Criminal Charges

Legal allegations made by the government claiming an individual or entity has committed a crime.