Multiple Choice
The money spent on domestically produced final goods and services is:
A) equal to GDP.
B) equal to exports minus imports.
C) subtracted in the circular-flow model.
D) equal to GDP, equal to exports minus imports, and subtracted in the circular-flow model.
Correct Answer:
Verified
Correct Answer:
Verified
Q179: The circular-flow diagram illustrates:<br>A) the minimum wage
Q180: A nation's exports minus its imports:<br>A) equals
Q181: Use the following to answer questions: <img
Q182: Real GDP is:<br>A) the value of the
Q183: Historically, _ spending was the LARGEST component
Q185: Use the following to answer questions: <img
Q186: Use the following to answer questions: <img
Q187: Real GDP is the same as _
Q188: In the circular-flow diagram, firms:<br>A) supply goods
Q189: Gross domestic product is the economy's total