Explain why total spending on T-shirts in the previous problem is also equal to the total incomes
Question:
Explain why total spending on T-shirts in the previous problem is also equal to the total incomes earned in the economy. ( Hint: There are two sides to every transaction.)
Learning Objective 9.3 Assess GDP as a measure of living standards.
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Related Book For 
Principles Of Macroeconomics
ISBN: 9781982166649
1st Canadian Edition
Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan
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