Total output and total income in the circular flow model
A) are measures of the economy's level of savings.
B) include only intermediate goods.
C) are equal to each other.
D) are related because national income is less than national product.
Correct Answer:
Verified
Q2: Net investment equals
A) capital stock minus depreciation.
B)
Q53: Depreciation is defined as the
A) decrease in
Q54: Which of the following is CORRECT?
A) Aggregate
Q55: Gross domestic product (GDP) is
A) the value
Q56: Gross domestic product can be calculated
A) either
Q57: The circular flow shows that
A) aggregate production
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