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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 24: Measuring a Nations Income
  5. Question
    According to the Income-Expenditure Identity, the Total Income of a Country
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According to the Income-Expenditure Identity, the Total Income of a Country

Question 2

Question 2

True/False

According to the income-expenditure identity, the total income of a country equals the sum of the four types of expenditure: consumption, investment, government purchases and net exports.

Correct Answer:

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