The national income spending identity can be expressed as:
A. M + V = C + I + G + NX.
B. M = Y + C + I + G + NX.
C. Y = M + V + P.
D. Y = C + I + G + NX.
Ans: D. Y = C + I + G + NX.
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A) Mario's Pizza; transaction-specific asset B) Red Tomatoes; negotiation asset C) Red Tomatoes; transaction-specific asset D) Mario's Pizza; negotiation asset
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