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:

Information Saturation

A state in which no additional information can be absorbed or effectively processed by an individual or system due to an overload of data.

Consensus

A general agreement among the members of a group or community, reflecting a common opinion or shared position on a particular issue.

High-Status Person

An individual who holds a position of authority or esteem in a social hierarchy, often influencing group dynamics and decisions.

Hierarchically Organized Group

Hierarchically organized groups have a clear structure with different levels of authority or status, guiding decision-making processes and roles within the group.