Multiple Choice
In a simple circular flow diagram, total spending on goods and services in the product market
A) is greater than the total income earned in the resource market.
B) is less than the total income earned in the resource market.
C) is done by the government.
D) equals the total income earned in the resource market.
Correct Answer:
Verified
Correct Answer:
Verified
Q242: The rental income component in the income
Q243: What impact will a rising price level
Q244: The simple circular flow diagram shows that
Q245: Suppose the Chicago Fed National Activity Index
Q246: A double-dip recession is a recession that
Q248: GDP measures the final value of goods
Q249: Current national income and production statistics include
Q250: The four types of spending in GDP
Q251: In 2014, we could accurately say that
Q252: Suppose the Department of Homeland Security purchases