According to the circular flow diagram, the dollar value of a nation's output is equal to
A) profits.
B) net income minus taxes.
C) total income.
D) wages.
Correct Answer:
Verified
Q22: Q39: In the above figure, flow B represents Q40: Which of the following is true regarding Q41: Gross investment equals net investment plus Q41: Depreciation is defined as the Q43: Depreciation is Q44: Total output and total income in the Q45: Gross domestic product (GDP) is Q47: Gross domestic product is the Q59: 
A) depreciation.
B)
A) decrease in
A) the decrease in the stock
A) the sum
A) value of
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