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16-02-2022
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For an economy as a whole, income must equal expenditure because.

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ayokenny2001 ayokenny2001

01-03-2022

Income must equal expenditure because for an economy because :

Every transaction has a buyer and seller.
Every dollar of spending by some buyer is a dollar of income for some seller.

What is Aggregate income?

Aggregate income is a form of GDP whereby income is equal to Consumption expenditure including net profits. It refers to the value of all income that suppliers of production factors receives over a specified period.

In an economy, income must equal expenditure because for every transaction, there must be a buyer and a seller. This is because every economy must have this cycle so that there will be balanced receipts and payment.

Learn more about Aggregate income here :https://brainly.com/question/23850586

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