Consider the circular flow of expenditure and income in the Canadian economy.Which of the following is a withdrawal from the circular flow?
A) The Alberta provincial government purchases water bomber aircraft for fighting forest fires.
B) Canadian barley is exported to the European Union.
C) The Toronto transit authority buys subway cars from Mexico.
D) A Toyota plant in Canada exports new vehicles to the United States.
E) You spend your savings to pay for university tuition.
Correct Answer:
Verified
Q4: In Shoetown,a rancher takes $0 worth of
Q5: Consider the circular flow of expenditure and
Q6: Suppose a Canadian firm imports $5000 worth
Q7: In Canada,the measurement of national income and
Q8: The "value added" for an individual firm
Q10: Jodie's Bakery generates a yearly revenue of
Q11: Which of the following statements about national-income
Q12: In national-income accounting,the value of intermediate products
A)should
Q13: When adding up the value of all
Q14: Consider the circular flow of income and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents