Multiple Choice
How much of each dollar spent by a consumer ultimately becomes income to someone else?
A) one dollar
B) less than one dollar
C) It depends on how much labor was needed to produce the good that the consumer buys.
D) It depends on how much the cost there is in the distribution channel that delivers the good from the manufacturer to the consumer.
Correct Answer:

Verified
Correct Answer:
Verified
Q217: Which of the following transactions is included
Q218: A farmer buys seed for 15 cents
Q219: If nominal Gross Domestic Product (GDP) in
Q220: The adjustment in exchange rate conversions that
Q221: The simple circular flow of income shows
Q223: The two main approaches to measuring GDP
Q224: The total value added<br>A) equals the retail
Q225: Intermediate goods are<br>A) goods that are used
Q226: If, in an economy, households receive $200
Q227: National income is equal to<br>A) Gross Domestic