Use the following to answer questions .
Exhibit: The Circular Flow for the United States
-(Exhibit: The Circular Flow for the United States) The purchase of a new tractor by Farmer Brown is:
A) classified as gross private investment and the flow is represented by 5.
B) classified as gross private investment and the flow is represented by 2.
C) classified as consumption and the flow is represented by 5.
D) classified as consumption and the flow is represented by 1.
Correct Answer:
Verified
Q48: Use the following to answer questions .
Exhibit:
Q49: A nation records a trade surplus when:
A)
Q50: The largest expenditure category in U.S. GDP
Q51: Use the following to answer questions .
Exhibit:
Q52: Use the following to answer questions .
Exhibit:
Q54: A country's exports minus its imports measures:
A)
Q55: Goods and services produced in the domestic
Q56: GDP does NOT include _.
A) government purchases
B)
Q57: Goods and services produced abroad and sold
Q58: The purchases of U.S. products by the
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