Measures of Income Output = Income.
{"Image DocumentName": "Measures of Income Output = Income.", "Image ImageDescription": "The spending that establishes the value of output also determines the value of incomes. We can track the distribution of funds from GDP to disposable income. A brief return to the circular flow might be useful. We buy from firms (their revenues). This is GDP by the expenditures method. They pay for resources used (their costs and our income). This leads to the income method. We use our income to buy from firms, and we are back to the beginning.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}