The Identity That Shows That Total Income and Total Expenditure

question 11

Multiple Choice

The identity that shows that total income and total expenditure are equal is

• A)GDP = Y.
• B)Y = DI + T + NX.
• C)GDP = GNP - NX.
• D)Y = C + I + G + NX.

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Definitions:

Rewards

Incentives or benefits given to individuals or groups to recognize and motivate specific achievements or behaviors.

Task Force

A temporary group of people formed to accomplish a specific objective, often bringing together expertise from different areas or disciplines.

Permanent

Something that is intended to last or remain unchanged indefinitely.

Temporary

Pertaining to a limited period of time; not permanent.