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For an Economy as a Whole,income Must Equal Expenditure Because

Question 22

Multiple Choice

For an economy as a whole,income must equal expenditure because


A) the number of firms is equal to the number of households in an economy.
B) individuals can only spend what they earn each period.
C) every dollar of spending by some buyer is a dollar of income for some seller.
D) every dollar of saving by some consumer is a dollar of spending by some other consumer.

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