Answer to Question #195794 in Macroeconomics for Neo

Question

In the national accounts:

•  A. Total production is always greater than total income.
•  B. Total production is always equal to total income.
•  C. Total production may be greater than total income.
•  D. Total production may be less than total income.
•  E. Total production is always less than total income.

Answer 1

B. Total production is always equal to total income.