Consider the statement \"expenditure equals income.\" This statement does not ha
ID: 1133615 • Letter: C
Question
Consider the statement "expenditure equals income."
This statement does not have to hold for either the overall economy or for any given segment of the economy.
This statement does not have to hold for the overall economy, but it does hold for any given segment of the economy.
This statement does hold for the overall economy , but does not have to hold for any given segment of the economy.
This statement holds for both the overall economy and for any given segment of the economy.
a.This statement does not have to hold for either the overall economy or for any given segment of the economy.
b.This statement does not have to hold for the overall economy, but it does hold for any given segment of the economy.
c.This statement does hold for the overall economy , but does not have to hold for any given segment of the economy.
d.This statement holds for both the overall economy and for any given segment of the economy.
Explanation / Answer
The statement ëxpenditure equals income "does not have to hold for the overall economy , but it does hold for any given segment of the economy. Hence, option(B) is correct.