
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 21
Tina walks into Ted's sporting goods store and buys a punching bag for $100. That $100 payment counts as ________for Tina and _______for Ted.
A) Income; expenditure.
B) Value added; multiple counting.
C) Expenditure; income.
D) Rents; profits.
A) Income; expenditure.
B) Value added; multiple counting.
C) Expenditure; income.
D) Rents; profits.
Explanation
The $100 that Ms. T spends is counted as...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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