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Which of the Following Statements Is True When Total Spending

Question 27

Multiple Choice

Which of the following statements is true when total spending equals total output?


A) Saving plus taxes equals investment plus government purchases.
B) Output equals investment plus government purchases plus saving plus taxes.
C) Output equals consumption spending plus investment plus government purchases plus saving plus taxes.
D) Output equals consumption plus investment plus taxes.
E) Saving plus investment equals taxes plus government purchases.

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