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babunello [35]
3 years ago
12

In the circular flow of expenditure and​ income, why must the total value of production in an economy equal the total value of​

income? A. Taxes on the production of goods and services are determined according to individual income. B. Domestic expenditures on imports generally equal foreign expenditures on U.S. exports. C. People tend to spend all of their income on goods and services. D. Every penny spent on a good or service must end up as​ someone's income.
Business
1 answer:
Vinvika [58]3 years ago
7 0
<h3><u>Option D</u></h3>

Every penny spent on a good or service must end up as​ someone's income so the total value of production in an economy equal the total value of​ income

<h3><u>Explanation:</u></h3>

The circular flow model describes how cash flows through society.  Cash moves from yielders to workers as payments and runs back to yielders as cash for products.  Since all the value created must refer to someone in the class of a request on the value, the national product is equivalent to national income.

Each action in an economy comprises a buyer and a seller. Households spend cash for acquiring goods and services exhibited. Firms make a production settlement. Households are employing units which incorporate output created in the business firms

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Novay_Z [31]

Answer:

The correct answer is letter "A": is an example of private law.

Explanation:

Private law is part of the law legal system that affects individuals, families, businesses and small groups. Examples of legal law are the civil law, labor law, commercial law, and corporation law. It contrasts <em>public law</em> since private law does not affect the complete society.

Thus, <em>Wexler Corporation by regulating the use of corporate e-mails is making use of private law.</em>

5 0
3 years ago
Interview any local business owner and request him/her to identify any business problem that they are experiencing. Apply the De
patriot [66]
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5 0
4 years ago
Ryan, a professional bass fisherman, is trying to determine which lure is most effective on wakeby lake—the plastic worm he norm
alexandr402 [8]

The answer is<u> "The plastic worm".</u>

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8 0
4 years ago
If inflation in the United States is lower than inflation in other​ countries, then U.S. exports​ ________ and U.S. imports​ ___
zepelin [54]

Answer:

A. increase; decrease; increase

Explanation:

If the inflation of United States is lower than in other countries, it means that the price level of United States products are relatively lower than price of products in other countries. So that, the foreign consumers want to buy U.S products more, leading to the increase in U.S. export.

Similarly, as the price of products in other countries are higher than that in the U.S., so that the U.S. residents want to buy domestic products more, reducing the imports of products from other countries, leading to the decrease in the U.S. import.

As the Net export = Export ↑- Imports↓

=> The Net export of US would increase

8 0
3 years ago
Final goods or services used to compute GDP refer to: the value of outstanding shares of stock of manufacturing firms. the value
aleksandr82 [10.1K]

Answer:

goods and services at the final stage of production they have reached during the year.

Explanation:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country. Also, gross domestic products (GDP) is a measure of the production levels of any nation.

Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).

Hence, the gross domestic products (GDP) of a country is computed using final goods or services, which simply are goods and services at the final stage of production they have reached during the year.

In conclusion, the goods or services that are purchased by consumers (end users) are typically used for computing final goods or services.

8 0
3 years ago
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