In Macroeconomics, why does total income have to equal total output?

What is GDP and Real GDP and how is it relevant in Macro?

Use the Simple Classical Macroeconomic Model to answer this question. Suppose the tax cut has not been enough to stimulate sufficient job growth. The government passes infrastructure improvement legislation to increase government spending from $3,000 to $4,000. What is the affect on GDP from the combined changes (Taxes and Spending) in government policies? a. 53,000 b. 60,000 c. 26,500 d. 33,000

Course: Macroeconomics Find GDP per capita when the population is 1 billion and GDP is $3 trillion.

That part of income which is either consumed or saved by all the households in an economy is called

explain how total output and total income are related to each other, and why they are related?

Types of Circular Flow of Income in Economics.

If consumption is $5000 and income is $10,000 Calculate APC

Using this, can you then solve for the, National income Personal income Disposable personal income

Jane spends $1,200 on a used computer. How will this calculation effect GDP?     A.) Consumption will rise and GDP will rise     B.) Investment will rise and GDP will rise     C.) Since the good was not currently produced consumption will not rise, neither will GDP     D.) The GDP deflator will rise but not real GDP