The circular flow of income shows that
A) households transact only in the goods market.
B) governments purchase goods and services.
C) firms generally are the demanders in the goods markets and suppliers in the factor markets.
D) None of the above answers is correct.
Correct Answer:
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Q33: In computing GDP, it is essential to
A)
Q34: In the circular flow of economic activity
A)
Q35: The circular flow diagram shows that
A) the
Q36: In the circular flow diagram, aggregate expenditure
Q37: GDP counts only final goods and services
Q39: Which of the following is TRUE regarding
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