If an economy's GDP rises,then it must be the case that the economy's
A) income rises and saving falls.
B) income and saving both rise.
C) income rises and expenditure falls.
D) income and expenditure both rise.
Correct Answer:
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Q1: In a simple circular-flow diagram,firms use the
Q2: Which of the following statements about GDP
Q4: In a simple circular-flow diagram,firms
A)purchase resources from
Q6: For an economy as a whole,
A)the market
Q7: For the economy as a whole,
A)income must
Q8: In a simple circular-flow diagram,households buy goods
Q10: In a simple circular-flow diagram,
A)households spend all
Q11: If an economy's GDP falls,then it must
Q150: In the GDP accounts production equals
A)income.
B)income +
Q153: For an economy as a whole,
A)wages must
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