Multiple Choice
In a simple circular-flow diagram,firms use the money they get from a sale to
A) pay wages to workers.
B) pay rent to landlords.
C) pay profit to the firms' owners.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: For an actual economy,total expenditures on goods
Q7: In a simple circular-flow diagram,firms<br>A)purchase resources from
Q9: In a simple circular-flow diagram,<br>A)households spend all
Q11: If an economy's GDP falls,then it must
Q12: If an economy's GDP rises,then it must
Q14: According to the circular-flow diagram GDP<br>A)can be
Q15: For the economy as a whole,<br>A)income must
Q153: In the GDP accounts production equals<br>A)income.<br>B)income +
Q221: In a simple circular-flow diagram, total income
Q226: Because every transaction has a buyer and