m1 Flashcards laizlet Dwaiting for response fl Chapter 6 pro

m1 Flashcards laizlet D-waiting for response fl Chapter 6 problem set A | D https://online.hfoc.edu/mod/quiz/attemptphp?attempte 71 8783&page;:3 No resultsKOptions which of the follow O d. Real GDP adds in home production Question 20 Not yet answered p Flag questio Points out of 1.0 Which statement is true. In the aggregate sense: Select one: O a. Total spending+ total income will equal the value of the output O b. Total spending will be larger than total income O c. Total spending will equal total income O d. Total income will be larger than total spending

Solution

As we know that we can measure “NI” of a country in current year by “Income” as well as “Expenditure” method. In both cases we will get the same figure of “NI”.

=> So, we can say that “Total Spending” must be equal to “Total Income”, => “C” be the correct option.