1) T/F In the economy, income earned when producing new final goods and services must equal expenditure...
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1) T/F In the economy, income earned when producing new final goods and services must equal expenditure on the new final goods and services
2) T/F Capital goods are goods that will be used in the future to produce more goods and services
3) T/F A firm produces 100 units of some good in the year 2017 but only manages to sell 90 of the units. When we calculate GDP for the year 2017 we will count the value of the 90 units sold and ignore the value of the 10 units not sold
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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