The amount by which the full-employment level of domestic output exceeds the level of aggregate expenditure can best be described as:
a. a recessionary expenditure gap.
b. an inflationary expenditure gap.
c. the multiplier.
d. the marginal propensity to save.

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.