Assume a simple economy without a government and that saving and borrowing behavior is never observed.Then the value of
A) production is equal to income.
B) expenditures is less than the value of production.
C) production is less than the value of expenditures.
D) production is less than income.
Correct Answer:
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Q1: In the second circular-flow model of Chapter
Q2: An individual buys shares in a mutual
Q3: Job openings are plentiful when the
A)actual real
Q4: When the dollar depreciates,
A)exports will increase and
Q6: GDP can be measured by the
A)total value
Q7: The real income per capita is a
Q8: The cars produced by Toyota in its
Q9: In the simple circular flow model containing
Q10: Negative net exports represent reduced investment because
A)payments
Q11: Which of the following is NOT a
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