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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.  multiple choiceRents; profits.Expenditure; income.Value added; multiple counting.Income; expenditure.

Question

Tina walks into Ted’s sporting goods store and buys a punching bag for 100.That100. That 100 payment counts as _______________ for Tina and _______________ for Ted.  multiple choiceRents; profits.Expenditure; income.Value added; multiple counting.Income; expenditure.

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Solution

The $100 payment counts as Expenditure for Tina and Income for Ted.

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