Total output and total income in the circular flow model
A) are measures of the economy's level of savings.
B) are equal to each other.
C) include only intermediate goods.
D) are related because national income is less than national product.
Correct Answer:
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Q39: In the above figure, flow B represents
Q40: Which of the following is true regarding
Q41: Gross investment equals net investment plus
A) depreciation.
B)
Q41: Depreciation is defined as the
A) decrease in
Q42: According to the circular flow diagram, the
Q43: Depreciation is
A) the decrease in the stock
Q45: Gross domestic product (GDP) is
A) the sum
Q47: Gross domestic product is the
A) value of
Q48: The circular flow shows that
A) GDP equals
Q49: Which of the following relationships is correct?
A)
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