Copyright © 2005 Prepared By Dr. Dede Ruslan, M.SI Two definitions: Total expenditure on domestically - produced final goods and services Total income
{"Image DocumentName": "Total expenditure on domestically - produced final goods and services", "Image ImageDescription": "Aggregate Output or Gross Domestic Product. Two definitions: Total expenditure on domestically - produced final goods and services. Total income earned by domestically - located factors of production. Why expenditure = income. In every transaction, the buyer\u2019s expenditure becomes the seller\u2019s income. Thus, the sum of all expenditure equals the sum of all income.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}