A very important fact about national income accounting is that:
a. the value of final output produced will always equal total spending for that output.
b. the value of total saving in the economy will always equal the sum of desired plus undesired inventories in the economy.
c. total output is equal to net domestic product minus capital consumption allowances.
d. government expenditures plus transfer payments will always equal corporate income taxes plus personal income taxes plus
indirect business taxes.
e. none of the above.
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