Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Total production of final goods and services equals total expenditures. They both equal.
Ogovernment taxes
Oproducer's profits
total income

Sagot :

GinnyAnswer

Final answer:

Total production of final goods and services is equal to total expenditures, showcasing the relationship between GDP and total income in the economy.


Explanation:

Total production of final goods and services equals total expenditures. This means that the GDP, which includes consumption, investment, government purchases, and net exports, is equal to the total income in the economy. The equation GDP = C + I + G + Xn represents this fundamental relationship in the national accounts.


Learn more about GDP and National Income here:

https://brainly.com/question/41159416


We appreciate your time. Please come back anytime for the latest information and answers to your questions. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.