National Income Issues
4 pages
(1184 words)
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The essay "National Income Issues" focuses on the critical, and thorough analysis of the major issues on national income.... The national income account identity sums up the total output in the economy as the total consumption of domestic goods and services, etc.... ... ... ... This equation also shows that the spending in an economy is not only comprised of domestic spending: if the output exceeds domestic spending, the country exports the difference and net exports are positive; however, if the output falls short of domestic spending, the country is expected to import the difference and net exports are negative....