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What else can I help you with?
Is credit income or expenditure?
Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure
What do you mean by income over expenditure or expenditure over income?
income over expenditure is profitexpenditure over income is loss
What is a sample cash budget?
A sample cash budget will just indicate the various sources of revenue and how it is to be spent. A cash budget is influenced by previous income and expenditure ventures.
Sample of income and expenditure accounts small business?
Some examples of income and subscription payments. An example of expenditures include lease payments and payroll. Income and expenses varies depending on the type of business.
What is the difference between income and expenditure incurred?
Inflow of money is income . Outflow of money is expenditure
What does the income-expenditure identity say about the relationship between income and expenditure?
The income-expenditure identity states that in an economy, total income equals total expenditure. This means that the amount of money earned by individuals and businesses is equal to the amount of money spent on goods and services.
What is between revenue and expenditure?
revenue is income and expenditure is an expense
What is the difference between capital income and capital expenditure?
Income is money coming in, expenditure is money going out (spending).
What is income expenditure?
A statement that records the income and expenditure of an organization such as a charity,whose main purpose is not the generation of profit.
Why does aggregate income equal aggregate expenditure?
Aggregate income equals aggregate expenditure because, in an economy, every dollar spent on goods and services (expenditure) generates an equivalent dollar of income for someone (income). This relationship is rooted in the circular flow of income and expenditure, where households receive income from firms in exchange for labor and then spend that income on goods and services produced by those firms. Thus, total spending in the economy matches total income generated, ensuring that aggregate income and aggregate expenditure are equal.
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
How do changes in aggregate expenditure effect income?
Changes in aggregate expenditure directly impact income through the multiplier effect. When aggregate expenditure increases, it stimulates production, leading to higher income for businesses and workers. This increase in income further boosts consumption, creating a cycle of increased spending and income. Conversely, a decrease in aggregate expenditure can lead to reduced income and economic contraction.
