In the Circular Flow, How Are the "Value of Production

Multiple Choice

In the circular flow, how are the "value of production", "income", and "expenditures" related?

A) They have no relationship to each other.
B) Expenditures on GDP equal the value of production which equals income.
C) Once tax payments are subtracted at each stage, they are equal.
D) Once net exports of goods and services are subtracted from GDP, all three are equal.
E) Value of production always equals income but expenditures are smaller because households save some of their income and do not spend it.