Total output and total income in the circular flow model
A) are measures of the economyʹs level of savings.
B) include only intermediate goods.
C) are related because national income is less than national product.
D) are equal to each other.
Correct Answer:
Verified
Q42: Gross domestic product is the
A) total amount
Q43: GDP equals
A) C+I+G+X+M).
B) C+S+G+X-M)
C) C+I+G+X-M)..
D) C+S+G+X-M),
Q44: Gross investment is equal to
A) depreciation plus
Q45: Which of the following is correct?
A) Aggregate
Q48: Gross investment equals
A) net investment + depreciation.
B)
Q49: Which of the following relationships is correct?
A)
Q50: Which of the following are equal to
Q51: Net investment equals
A) capital stock minus depreciation.
B)
Q52: Gross domestic product can be calculated
A) by
Q59: 
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