The circular flow shows that Select one: O A. GDP equals aggregate income. O B. aggregate expenditure is less than aggregate income. O C. aggregate production equals aggregate expenditure. O D. Both answers A and C are correct.

The circular flow shows that Select one: O A. GDP equals aggregate income. O B. aggregate expenditure is less than aggregate income. O C. aggregate production equals aggregate expenditure. O D. Both answers A and C are correct.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 1P

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Question

The circular flow shows that
Select one:
O A. GDP equals aggregate income.
O B. aggregate expenditure is less than aggregate income.
O C. aggregate production equals aggregate expenditure.
O D. Both answers A and C are correct.

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