In the circular flow model of an economy, households
A) receive income from producers for the use of factors in the factor markets.
B) receive income from buyers of goods and services.
C) receive income from the sale of factors in the goods markets.
D) pay firms for the use of their factors.
Correct Answer:
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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
Q30: If we compare the four sources of
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
Q36: 
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