The circular flow shows that the household sector earns its income by
A) selling goods and services.
B) buying factors of production.
C) selling financial assets.
D) selling factors of production.
Correct Answer:
Verified
Q24: The circular flow diagram shows
A) how nominal
Q25: The circular flow diagram indicates that
A) firms
Q26: In the circular flow of income
A) households
Q27: In computing GDP, it is essential to
A)
Q28: Which of the following is true regarding
Q30: If we compare the four sources of
Q31: In the circular flow model of an
Q32: Compared to the other sources of spending,
Q33: GDP counts only final goods and services
Q34: Double counting counting the same thing twice)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents