
-In the above figure, the distance between points T and U represents
A) a trough.
B) a peak.
C) an expansion.
D) a recession.
Correct Answer:
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Q92: Q93: Choose the BEST statement. Q94: The largest component of national income is Q95: In computing GDP, it is essential to Q96: In the circular flow of income Q98: Net investment equals Q99: Compared to the other sources of spending, Q100: An indirect tax is exemplified by Q101: The income approach to measuring GDP Q102: The circular flow shows that the household![]()
A)GDP equals aggregate expenditure
A)rental
A)include
A)households demand
A)gross investment/depreciation.
B)capital stock minus depreciation.
C)the
A)a subsidy.
B)a
A)sums the
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