If we compare the four sources of spending in the economy we see that
A) household consumption is the largest.
B) business investment is the largest.
C) government expenditure is the largest.
D) household consumption is the smallest.
Correct Answer:
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Q16: In computing GDP, it is essential to
A)
Q17: Which of the following expenditures is for
Q18: In the United States, GDP is typically
Q19: Gross domestic product (GDP) is the in
Q20: In the GDP definition, market value refers
Q22: In the circular flow of economic activity
A)
Q23: The circular flow model shows that consumer
Q24: In the circular flow of income
A) households
Q25: The circular flow of income shows that
A)
Q26: The circular flow diagram indicates that
A) firms
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