menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 23: Measuring a Nations Income
  5. Question
    For an Economy as a Whole
Solved

For an Economy as a Whole

Question 207

Question 207

Multiple Choice

For an economy as a whole,


A) wages must equal profit.
B) consumption must equal income.
C) income must equal expenditure.
D) consumption must equal saving.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q202: Table 23-1<br>The following table contains data

Q203: Countries with low GDP per person tend

Q204: GDP is a useful measure since it

Q205: If a firm produces a good and

Q206: List the four components of GDP.

Q208: Gross domestic product includes all<br>A)legal final goods

Q209: Expenditures by households on education are included

Q210: In the simple circular-flow diagram, with households

Q211: The term real GDP refers to a

Q212: Table 23-7<br>A country produces only ice

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines