Asked by
Ayana Chamara
on Nov 16, 2024Verified
An economy's income is the same as its expenditure because every transaction has a buyer and a seller.
Expenditure
The amount of money spent by an individual, organization, or government on goods and services.
- Recognize the association between an economy's income and its expenses.
Verified Answer
NT
Learning Objectives
- Recognize the association between an economy's income and its expenses.