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:

Emotional Control

The ability to manage and regulate one's emotions in order to respond appropriately in various situations.

Self-Actualization

The embodiment or reaching of an individual's innate talents and potential, considered an innate longing or necessity in every person.

Unique Potential

An individual's inherent capacities and abilities that distinguish them from others.

Needs Hierarchy

A psychological theory proposing that human needs are arranged in a hierarchical order, with physical needs at the base and self-actualization needs at the top.