Elucidate the given statement about the dollar value of, Ask an Expert

Economics

Elucidate the given statement about the dollar value of output as well as dollar value of spending.

Briefly describe why each of the subsiquent statements is true for a given economy over a given period of time:

The dollar value of output equals the dollar value of income.
The dollar value of income equals the dollar value of spending.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M917768

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