For the economy as a whole: a. income must equal expenditures. ...

[fagboi]

For the economy as a whole:
 a. income must equal expenditures.
 b. expenditures exceed income because of taxes.
 c. income exceeds expenditures because of saving.
 d. expenditures exceed income because of the government budget deficit.

Question 2

As capacity utilization in an economy rises:
 a. firms sell their fixed assets to remain solvent.
  b. the gap between the potential output and actual output widens.
  c. firms reduce their demand for labor.
  d. employment of inputs by firms declines.
  e. firms add more factories and machines and increase output.

[kiamars2010]

Answer to Question 1

a

Answer to Question 2

e

[fagboi]

Thanks for the timely response, appreciate it

[zacnyjessica]

Excellent