The circular flow shows that the household sector earns its income by
A) selling factors of production.
B) buying factors of production.
C) selling goods and services.
D) selling financial assets.
Correct Answer:
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Q17: Gross domestic product is the total _
Q18: A loaf of bread purchased by one
Q19: A ton of coal purchased by your
Q20: Gross domestic product (GDP) is the _
Q21: Compared to the other sources of spending,
Q23: The circular flow model shows that consumer
Q24: In the circular flow diagram, aggregate expenditure
Q25: The circular flow diagram shows
A) how nominal
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