Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Macroeconomics
National Income
Explain why an economy's output, in esence, is also its income.
1 answer
Your school SUBJECT is not the name of your school.
You can
ask a new question
or
answer this question
.
Related Questions
What is the best description of GDP per capita?
A. an economy's total output divided by its total population B. an economy’s
What is a service economy? (1 point)
A service economy is an economy with lax governmental intervention in any service jobs,
Explain the difference between a mixed economy and a command economy. Give an example of an East Asian country that has a mixed
Which of the following is a characteristic of a developed nation?
A. Low income B.high poverty C.service based economy D.economy
Consider an economy with a constant nominal money supply, a constant level of real output Y = 100, and a constant real interest
In which type of economy do people make economic decisions based on their group's ancestral customs and ways of life?
(1 point)
Explain why other income and output measures are used to express the performance of the economy in addition to GDP.
on the other hand could the output of the economy for the future generation set forth in high level if the consumer consumed
on the other hand could the output of the economy for the future generation set forth in high level if the consumer consumed
Why is an economy's output, in essence, is also its income?