According to the circular flow diagram, the dollar value of a nation's output is equal to

Name: According to the circular flow diagram, the dollar value of a nation's output is equal to
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The dollar value of a nation's output is equal to total income because the circular flow diagram shows that the total income earned by all factors of production in an economy is equal to the total value of goods and services produced in that economy.

According to the Circular Flow Diagram, the Dollar Value of a Nation's