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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.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917768

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