The total income of households after taxes and government transfers is called:
A) disposable income.
B) private savings.
C) aggregate spending.
D) investment.
Correct Answer:
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Q16: In the circular-flow diagram, a person or
Q17: In the factor markets:
A) households supply goods
Q18: The circular-flow diagram is important because it
Q19: In the circular-flow diagram, firms:
A) supply goods
Q20: According to the circular-flow diagram, which economic
Q22: A share in the ownership of a
Q23: Use the following to answer questions:
Q24: _ is considered to be an IOU.
A)
Q25: Use the following to answer questions:
Q26: Use the following to answer questions:
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