Why Is It T That Domestic Product and National Income

question 61

Multiple Choice

Why is it t that domestic product and national income must be equal?

• A) The IRS national accounting system assures that taxes equal total income.
• B) The total amount of spending must equal total national sales.
• C) The value of final product must equal the sum of resource income that produced it.
• D) The total amount of income earned is eventually spent.

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Definitions:

Broca's Aphasia

A condition characterized by difficulties in speech production, often resulting from damage to the Broca's area of the brain.

Wernicke's Aphasia

Wernicke's aphasia is a type of language disorder caused by damage to the Wernicke's area of the brain, characterized by difficulty understanding spoken language and producing meaningful language.

Monolinguals

Individuals who speak or use only one language as their means of communication.

Bilinguals

Individuals who are proficient in two languages, capable of communication in both with a high degree of fluency.