According to the circular flow diagram, the dollar value of a nationʹs output is equal to
A) profits.
B) wages.
C) total income.
D) net income minus taxes.
Correct Answer:
Verified
Q41: Q53: Comparing aggregate expenditure and aggregate incomes shows Q54: Gross investment equals net investment plus Q57: Suppose Mail Boxes Etc. buys a new Q57: The circular flow shows that Q59: Choose the best statement. Q60: Gross domestic product GDP) is Q61: The largest component of GDP in the Q62: GDP can be computed as the sum Q63: Net investment equals
A) dividends
A) aggregate production
A) An increase in
A) the sum
A) gross investment + depreciation.
B)
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