In a simple circular-flow diagram,households buy goods and services with the income they get from
A) wages.
B) rents.
C) profits.
D) All of the above are correct.
Correct Answer:
Verified
Q3: If an economy's GDP rises,then it must
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
Q10: In a simple circular-flow diagram,
A)households spend all
Q11: If an economy's GDP falls,then it must
Q13: In the actual economy,households
A)spend all of their
Q143: In a simple circular-flow diagram, total income
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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