1. Tina walks into Teds sporting goods store and buys a punching bag for $100. That $100...

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1. Tina walks into Ted’s sporting goods store and buys a punching bag for $100. That $100 payment counts as ______________ for Tina and _____________ for Ted. LO27.1

a. Income; expenditure.

b. Value added; multiple counting.

c. Expenditure; income.

d. Rents; profits.

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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