Which of the Following Statements Is True

question 51

Multiple Choice

Which of the following statements is true?

• A)Total expenditures and total income are the same measures of economic activity.
• B)The product,income,and expenditure approaches must generate the same answer to the measure of economic activity.
• C)The fundamental identity of national income accounting states that the GDP measured by the expenditure,income,and product approaches must be identical.
• D)All of the above.

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Definitions:

Policies

Formal guidelines or rules established by organizations to govern actions and decision-making within the entity.

Organization

The act of arranging or structuring elements in a systematic way to achieve order and efficiency.

Audience Interest

The level of curiosity or concern that an audience has in a particular topic, subject, or event.

Audience Profile

A detailed description of the characteristics, behaviors, and preferences of a target audience or market.