In the circular flow model of an economy, households
A) receive income from buyers of goods and services.
B) receive income from the sale of factors in the goods markets.
C) receive income from producers for the use of factors in the factor markets.
D) pay firms for the use of their factors.
Correct Answer:
Verified
Q3: Intermediate goods are excluded from GDP because
A)they
Q4: In Australia, GDP is typically measured
A)daily.
B)weekly.
C)quarterly.
D)monthly.
Q5: In the national income accounts, government expenditure
Q6: Which of the following items is NOT
Q7: The difference between gross investment and net
Q9: Real GDP can be criticised as a
Q10: Which of the following expenditures is for
Q11: Consumption expenditure is the payment by households
Q12: The business cycle is the
A)irregular fluctuations of
Q13: Suppose XYZ Ltd. buys a new copier
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