Author Question: In the double-entry bookkeeping system used to track the economy, _____. a. the value of aggregate ... (Read 60 times)

Mimi · **on:** Jun 30, 2018

In the double-entry bookkeeping system used to track the economy, _____.
a. the value of aggregate output equals the aggregate income paid for the resources used to produce that output
b. government spending on transfer payment is recorded
c. the earnings of all shareholders in the economy from the sale of shares are recorded
d. inventories are counted twice, once as investment and once as output
e. intermediate goods are counted twice, once as a type of output themselves and once as part of the final output

Question 2

Since the demand for labor depends on the demand for the product labor produces, the demand for labor is called:
a. primary demand.
b. secondary demand.
c. dependent demand.
d. derived demand.