Multiple Choice
Households play what role(s) in the circular flow diagram?
A) purchasers of factors of production and sellers of services
B) purchasers of factors of production and sellers of goods
C) purchasers of goods and services only
D) purchasers of goods and services and sellers of factors of production
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Changes in the GDP deflator reflect only
Q43: Assume net exports are €-220, consumption is
Q44: Using the outline below, draw a circular-flow
Q45: Marie grows vegetables in her garden to
Q46: Wages are an example of a transfer
Q49: UK Gross Domestic Product (in contrast to
Q50: GDP may not be a reliable indicator
Q52: The production of an apple contributes more
Q53: GDP per person tells us the income
Q105: For an economy as a whole,<br>A)wages must