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    Principles of Macroeconomics Study Set 8
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    Exam 13: Saving Investment and the Financial System: Saving and Investment in the National Income Accounts
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    The Identity That Shows That Total Income and Total Expenditure
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The Identity That Shows That Total Income and Total Expenditure

Question 11

Question 11

Multiple Choice

The identity that shows that total income and total expenditure are equal is


A) GDP = Y.
B) Y = DI + T + NX.
C) GDP = GNP - NX.
D) Y = C + I + G + NX.

Correct Answer:

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