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The total expenditure on goods and services in a country must be the same as the total income earned from selling goods and services because:
The total expenditure on goods and services in a country must be the same as the total income earned from selling goods and services because:
- net exports in an economy is usually zero
- the sum of consumption spending and savings is zero
- total investment in an economy always equals total savings
- one sector's expenditures are another sector's income
- the government budget has to balance
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