-In the above figure, flow B represents__________.
A) household purchases of goods and services
B) firmsʹ payments for labor services
C) household income
D) household borrowing
Correct Answer:
Verified
Q17: Gross domestic product is a measure of
Q18: In 2011, Ozzie purchased a 2008 Ford
Q19: A loaf of bread purchased by one
Q20: If Frito Lay, an American snack company,
Q21: In the circular flow diagram, aggregate expenditure
Q23: The factor market can best be described
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)
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