Author Question: Total expenditures for new final goods equals total output of new final goods in the income and ... (Read 71 times)

EAugust · **on:** Jun 29, 2018

Total expenditures for new final goods equals total output of new final goods in the income and product accounts

A) because no one will produce what cannot be sold.
B) because prices will rise or fall to clear the market.
C) because unsold goods are assumed to be purchased by the firms that produced them.
D) only at equilibrium.
E) when all goods are sold in the year they are produced.

Question 2

According to your textbook, the following is the prime cause of traffic congestion:

A) Population growth
B) The American automobile industry
C) Most roadway space is not priced.
D) A lack of commitment to public transportation expansion