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smitch6 smitch6
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6 years ago
The income-expenditure identity is best paraphrased as
A) all spending generates income.
B) all profits are used for investment spending.
C) on average, consumers cannot save.
D) on average, government can spend no more than what it collects in income taxes.
E) all income is spent.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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Blade73Blade73
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6 years ago
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smitch6 Author
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6 years ago
Thanks for your help!!
shelbycox
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Yesterday
this is exactly what I needed
taydav
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2 hours ago
Thank you, thank you, thank you!
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