The Value of Total Output Must Equal the Value of Total

question 89

Multiple Choice

The value of total output must equal the value of total income in an economy for all of the following reasons except

• A)One person's expenditures on goods and services is another person's income.
• B)Income earned is spent on goods and services,which creates additional production.
• C)For the circular nature of the economy.
• D)Government expenditures must equal government revenues.

---

Definitions:

Complimentary Close

A polite phrase used to end a letter or email, such as "Best regards" or "Warmly," before the sender's signature.

Self-Styled Expert

An individual who claims to have expertise or knowledge in a particular area without formal recognition or credentials.

Successful Closing

In sales, successful closing refers to effectively concluding a deal or sales process, resulting in an agreement or purchase by the customer.

Direct Objections

Explicit reservations or disagreements voiced by a potential customer during a sales process.