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Author Question: The circular flow diagram shows A) how nominal GDP is distinct from real GDP. B) how the prices ... (Read 69 times)

strangeaffliction

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on: Jun 29, 2018
The circular flow diagram shows
 
  A) how nominal GDP is distinct from real GDP.
  B) how the prices of factors are determined.
  C) the effects of inflation in a simple economy.
  D) the flows between different sectors of the economy.

Question 2

The official U-3 unemployment rate includes the total number of people who
 
  A) have jobs or are currently looking for jobs.
  B) are available and looking for work but unable to find employment.
  C) would like to have a job but have stopped seeking work.
  D) would like to have a full-time job but are working part-time.


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Laurenleakan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


strangeaffliction

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Reply 2 on: Jun 29, 2018
Wow, this really help

ktidd

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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