____ in all circular flow diagrams.
A) Foreign net output is included
B) The trade deficit always equals payments for resource services
C) The value of output is equal to income
D) The value of private production always equals the value of household income
E) Net exports must be positive
Correct Answer:
Verified
Q73: A budget surplus is
A) the excess that
Q74: The circular flow model
A) describes microeconomic activity
Q75: The resource market does not incorporate the
Q76: In the circular flow model, businesses
A) own
Q77: The circular flow model
A) shows the flow
Q79: The circular flow of income model shows
Q80: Financial intermediaries are best described as
A) institutions
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents