In the circular flow of economic activity
A) aggregate expenditure measures the dollar value of purchases of factors.
B) aggregate expenditure measures the dollar value of purchases of final goods and services.
C) aggregate income measures the dollar value of labor resources only.
D) aggregate expenditure is measured as it moves through the financial markets.
Correct Answer:
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A) households
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A)
Q35: The circular flow diagram shows that
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Q36: In the circular flow diagram, aggregate expenditure
Q37: GDP counts only final goods and services
Q38: The circular flow of income shows that
A)
Q39: Which of the following is TRUE regarding
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