If we compare the four sources of spending in the economy we see that
A) government expenditure is the largest.
B) business investment is the largest.
C) household consumption is the smallest.
D) household consumption is the largest.
Correct Answer:
Verified
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
Q29: The circular flow shows that the household
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)
Q35: In the circular flow diagram, aggregate expenditure
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