economics007experts
economics007experts economics007experts
  • 03-01-2022
  • Social Studies
contestada

What happens in the economy if total production (TP) is greater than total expenditures (TE)?

Respuesta :

febinfathima70
febinfathima70 febinfathima70
  • 03-01-2022

Answer:

When the total production exceeds the total expenditure, it suggests overproduction in the economy, which causes the inventories of producers to rise. As a result, the firms reduce their production, which, in turn, reduces the real GDP.

Answer Link

Otras preguntas

Are (121 over 11),(23 over 3), and (85 over 5) in simplest form?
0.4 greater or less than 0.036
What is 35.2 written in word form?
how do you convert 1.66 into a fraction
value mart is having a back to school sale on pencils a pack of 30 sells for 7.97 whereas a 12 pack brand cost for 4.77 which is better to buy and please explai
What is the inequality -26
negative acceleration & positive acceleration, what are they?
What roles do proteins play in organisms?
Spain has coastline on which of the following sides?a.northernc.southernb.easternd.all of the above
value mart is having a back to school sale on pencils a pack of 30 sells for 7.97 whereas a 12 pack brand cost for 4.77 which is better to buy and please explai