Introduction to Economics 2 Deneme Sınavı Sorusu #349568

In an economic environment where taxes and foreign trade are not included, which of the following should be used to define income according to usage?


Income = Consumption + Saving

 

Income = Consumption + Saving + Investment

 

Income = Consumption – (Saving + Investment)

 

Income = Consumption

Income = Consumption – Investment


Yanıt Açıklaması:

Since there is no government and international trade in the economy, income determination process can be written as:

Y = C + S

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