The circular flow shows that
A) GDP equals aggregate income.
B) aggregate expenditure is less than aggregate income.
C) aggregate production equals aggregate expenditure.
D) Both answers A and C are correct.
Correct Answer:
Verified
Q41: Depreciation is defined as the
A) decrease in
Q43: Depreciation is
A) the decrease in the stock
Q44: Total output and total income in the
Q45: Gross domestic product (GDP) is
A) the sum
Q47: Gross domestic product is the
A) value of
Q49: Which of the following relationships is correct?
A)
Q50: Comparing aggregate expenditure and aggregate incomes shows
Q51: Choose the best statement.
A) An increase in
Q52: Which of the following is correct?
A) Aggregate
Q53: Net investment equals
A) capital stock minus depreciation.
B)
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