Multiple Choice
Use the following to answer questions .
Exhibit: Circular Flow Model
-(Exhibit: Circular Flow Model) The exhibit shows a simplified circular flow model where only consumption goods are being produced. The arrow marked "A" represents the flow of:
A) personal consumption expenditures.
B) consumer goods and services.
C) factors of production.
D) factor incomes.
Correct Answer:

Verified
Correct Answer:
Verified
Q149: Use the following to answer questions .<br>Exhibit:
Q150: GNP equals GDP less depreciation.
Q151: The value of income generated by the
Q152: Per capita real GDP indicates the way
Q153: Double counting in GDP accounting:<br>A) refers to
Q155: Gross private domestic investment includes purchases of:<br>A)
Q156: Use the following to answer questions .<br>Exhibit:
Q157: If your ticket wins the lottery, the
Q158: GDP does NOT include _.<br>A) government purchases<br>B)
Q159: The largest component of factor income in