Multiple Choice
Which equality is not guaranteed by the circular flow diagram?
A) The market value of production must equal the market value of expenditure.
B) The market value of expenditure must equal the market value of income.
C) The income paid to factors of production must equal the market value of expenditure.
D) All of the above are guaranteed by the circular flow diagram.
Correct Answer:
Verified
Correct Answer:
Verified
Q27: GDP is a measure of _,not a
Q28: Scenario: A typical resident of the country
Q29: Which of the following will lead to
Q30: The country described in the table below
Q31: The table below contains data for the
Q33: A person is officially unemployed if three
Q34: Which of the following would be included
Q35: The following table contains prices and quantities
Q36: Which of the following questions can be
Q37: Which of the following is an example