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Because every dollar of spending by a buyer is a dollar of income for a seller
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∙ 12y ago
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Why economy's income must equal its expenditures?
hy do economists use resl GDP rather than nominal GDP to gauge economic well-being?
In order to establish macroeconomics equilibrium real GDP or income Y in the absents of taxes must equal the aggregate expenditures are greater than income real GDP or 2 aggregated expen?
macroeconics equillibrium agregate supply and demand -2p+85 3p+25
Why an economy's income must be equal to its output?
Because output generates income.
Explain why an economy income must equal it's expenditure?
An economy's income must equal it's expenditure to keep its budget in balance. If the income is less, it results in debt which eventually has to be paid back.
Why an economy's income must equal to it's expenditure?
For an economy as a whole, income must equal expenditure because:u Every transaction has a buyer and a seller.u Every dollar of spending by some buyer is a dollar of income for some seller.
Why economy's income must equal its expenditures?
hy do economists use resl GDP rather than nominal GDP to gauge economic well-being?
In order to establish macroeconomics equilibrium real GDP or income Y in the absents of taxes must equal the aggregate expenditures are greater than income real GDP or 2 aggregated expen?
macroeconics equillibrium agregate supply and demand -2p+85 3p+25
Why an economy's income must be equal to its output?
Because output generates income.
Explain why an economy income must equal it's expenditure?
An economy's income must equal it's expenditure to keep its budget in balance. If the income is less, it results in debt which eventually has to be paid back.
Why an economy's income must equal to it's expenditure?
For an economy as a whole, income must equal expenditure because:u Every transaction has a buyer and a seller.u Every dollar of spending by some buyer is a dollar of income for some seller.
What are the difference between revenue expenditures and capital expenditures?
it must increase the value of the assets in must increase the capacity it must shown in the balance sheet must be depreciated amount must be comparatively huge
Is it true for an economy as a whole. income equals expenditure because the income of the seller must be equal to the expenditure of the buyer?
Yes
Who should file Form 1065?
Form 1065 is titled U.S. Return of Partnership Income. It must be filed by every domestic partnership that receives income and incurs expenditures which qualify as deductions or credits for federal income tax purposes. LLCs that are classified as partnerships for federal income tax purposes also are required to file Form 1065.
Why is the circular flow model important?
Total income in the economy must always equal total spending. :)
What government expenditures must be authorized each year?
tax rebates
Why must an economy's income be equal to it's expenditure?
An economy's income must be equal to it's expenditure because every transaction has a buyer and a seller. It is also because every dollar of spending by some buyer is a dollar of income for some seller. Gross domestic product (GDP) measures an economy's total expenditure on newly produced goods and services and the total income earned from the production of these goods and services.
What are some of the expenditures that the city of New York has?
New York City is a city of wealth and a large population. It's the largest city in the US. NYC has daily, weekly, monthly and yearly expenses it must pay. These expenditures need to be kept on time or the city will lose its credit rating. Typical expenditures are for city worker salaries, maintenance expenditures and law enforcement expenditures. Cars and other capital equipment costs require payments. The city also has social expenditures such as housing for the poor and welfare expenditures.
