The circular flow shows that
A) aggregate production equals aggregate expenditure.
B) aggregate expenditure is less than aggregate income.
C) GDP equals aggregate income.
D) Both answers A and C are correct.
Correct Answer:
Verified
Q2: Net investment equals
A) capital stock minus depreciation.
B)
Q52: Which of the following relationships is CORRECT?
A)
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
Q58: Total output and total income in the
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