Question

explain the identification of national income​

Answer 1

Answer:

The national income identity says that gross domestic product is given by consumption expenditures, plus investment expenditures, plus government expenditures, plus exports, minus imports. In short, this is written as GDP = C + I + G + EX − IM. Write out the national income identity.

Answer 2

Answer:

The national income identity says that gross domestic product is given by consumption expenditures, plus investment expenditures, plus government expenditures, plus exports, minus imports.