In the circular flow of economic activity
A) aggregate expenditure is measured as it moves through the financial markets.
B) aggregate expenditure measures the dollar value of purchases of final goods and services.
C) aggregate expenditure measures the dollar value of purchases of factors.
D) aggregate income measures the dollar value of labor resources only.
Correct Answer:
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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
Q21: If we compare the four sources of
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
Q27: The factor market can best be described
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