This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the relationship shown by the circular flow among income, total expenditure, and GDP? ... (Read 53 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
What is the relationship shown by the circular flow among income, total expenditure, and GDP?
 
  What will be an ideal response?

Question 2

During a recession, the average duration of unemployment tends to
 
  A) be unpredictable.
  B) be about the same as during an expansion.
  C) decrease.
  D) increase.
  E) remain constant.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

They are all equal. The value of production, which is GDP, equals income because firms pay factors (income) the revenue they receive from selling the goods and services they produce (GDP). Next, the revenue that firms receive from selling the goods and services they produce (GDP) is equal to what is spent as expenditures on the goods and services. (total expenditure).

Answer to Question 2

D


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
Gracias!

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

An electrocardiogram (ECG, EKG) is a commonly used procedure in which the electrical events associat An electrocardiogram (ECG, EKG) is a commonly used procedure in which the electrical events associat
Conjunctivitis, with the characteristic “pinkeye” appearance. A yellow crusty exudate is also common Conjunctivitis, with the characteristic “pinkeye” appearance. A yellow crusty exudate is also common
Dose–response relationship Dose–response relationship
The “Flat Head” (Chinook) Indians acquired their name through shaping in infancy, as shown in a diag The “Flat Head” (Chinook) Indians acquired their name through shaping in infancy, as shown in a diag
Thermohaline currents flow to all oceans Thermohaline currents flow to all oceans
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library