Multiple Choice
For the economy as a whole,
A) income must be greater than expenditure.
B) unemployment must rise when GDP rises.
C) expenditure must equal income.
D) consumption must be greater than investment.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: In a simple circular-flow diagram,firms use the
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
Q17: In the simple circular-flow diagram,with households and
Q18: In the actual economy,households<br>A)spend all of their
Q20: According to the circular-flow diagram,GDP<br>A)can be computed
Q63: Expenditures on a nation's domestic production<br>A)are less
Q153: In the GDP accounts production equals<br>A)income.<br>B)income +
Q207: For an economy as a whole,<br>A)wages must