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:

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Conference Board Of Canada

An independent, not-for-profit research organization that specializes in analyzing and forecasting economic trends, public policy, and organizational performance in Canada.

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