The circular flow model shows that consumer goods and services produced by business firms are sold in the
A) factor market.
B) financial market.
C) labour market.
D) goods market.
Correct Answer:
Verified
Q7: Gross domestic product (GDP) measures the
A) number
Q21: Let C represent consumption expenditure, S saving,
Q22: Two methods of measuring GDP are
A)the income
Q23: The four parts of the business cycle
Q24: The factor market can BEST be described
Q26: In part, the underground economy exists because
Q27: Which of the following would lead GDP
Q28: The maximum amount of production that can
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