Answer to Question #181986 in Macroeconomics for Faeem

Question

In macroeconomic theory: A. total production is always equal to total income. B. total production is always greater than total income. C. total production is always less than total income. D. total production may be greater than total income. E. total production may be less than total income. 

Answer 1

A. total production is always equal to total income.

Because every transaction has a buyer.