Suppose The Economy Is Shrinking. This Means That Total Output Is _____ And Total Income Is _____.

4154 users searched for this homework answer last month and 80 are doing it now, let’s get your homework done.

This Top Homework Answer is High School level and belongs to the History subject.

This answer got 134 “Big Thanks” from other students from places like Columbia or Oakland.

Question

Suppose the economy is shrinking. This means that total output is _____ and total income is _____.

Answer

When the economy is shrinking, the total output is decreasing and total income is decreasing.Output is the total value of goods and services produced in an economy. By measuring the output in different period of times, it is possible to measure if the economy of a country is growing or shrinking.The total income is the amount earned by a individual or organization in a year. the more the economy shrinks, the less people have to spend.

Students are also searching for

  • triangle knm is shown. what is true about the sides of knm? kn = nm kn + nm = km km = 2(nm) kn = km
  • why are the seasons in north and south america reversed
  • which of the following is a role of a detrivore

If you have more homework to do you can use the search bar to find the answer to other homework: 30 have done it today and 17 in the last hour.

Help your mates do their homework and share Top Homework Answers with them, it’s completely free and easy to use!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.