Figure 6-1 shows the circular flow model where only consumption goods are being produced. Use the figure to answer questions .
Figure 6-1
-Refer to Figure 6-1. The arrow marked "C" represents the flow of:
A) factors of production.
B) factor incomes.
C) personal consumption expenditures.
D) consumer goods and services.
Correct Answer:
Verified
Q1: GDP is the sum of:
A) personal consumption,
Q2: Figure 6-1 shows the circular flow model
Q3: The gross domestic product of a nation
Q4: Which of the following is an example
Q8: Which of the following is counted as
Q13: In the long run, a country's material
Q15: Which of the following items is a
Q16: Which of the following is an example
Q17: Of the following, which statistic do economists
Q19: The gross domestic product of a nation:
A)
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