The factor market can BEST be described as where
A) governments sell goods and services.
B) firms buy the services of labour, land, capital and entrepreneurship.
C) households buy goods and services.
D) firms buy goods and services.
Correct Answer:
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Q7: Gross domestic product (GDP) measures the
A) number
Q19: _ gross domestic product is the value
Q21: Let C represent consumption expenditure, S saving,
Q22: Two methods of measuring GDP are
A)the income
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Q25: The circular flow model shows that consumer
Q26: In part, the underground economy exists because
Q27: Which of the following would lead GDP
Q28: The maximum amount of production that can
Q29: ![]()
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