The income—expenditure identity says that
A) Y = C + S + T.
B) Y = C + I + G.
C) Y = C + I + G + NX.
D) Y = C + I + G + NX + CA.
C
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The government uses the buying power of wages in reporting changes in "nominal wages" in the economy
Indicate whether the statement is true or false
A monopsonist will hire fewer workers than will be hired in a competitive labor market
a. True b. False Indicate whether the statement is true or false
Assume the supply curve of labor has the usual shape. If the wage rate is $10, 1,000 carpenters are willing to supply their labor. If the wage rate increases to $20, the
a. quantity supplied of labor will be more than 1,000 b. quantity supplied of labor will be less than 1,000 c. labor supply curve shifts to the right d. labor supply curve shifts to the left e. same amount of carpentry labor will be supplied
Other things the same, which bond would you expect to pay the lowest interest rate?
a. a bond issued by a state with a very good credit rating b. a bond issued by the U.S. government c. a bond issued by a fairly new company doing genetic research d. a bond issued by Nabisco