Author Question: The circular flow of income shows that GDP can be measured as the sum of wages, interest, rent, and ... (Read 122 times)

K@ · **on:** Jun 29, 2018

The circular flow of income shows that GDP can be measured as the sum of wages, interest, rent, and profits received by households or total expenditures on goods and services by households, firms, government, and the rest of the world.

Indicate whether the statement is true or false

Question 2

A tax rebate, like the one issued in 2008, is likely to ________ consumption spending ________ than would a permanent tax cut.

A) increase; more B) decrease; more C) increase; less D) decrease; less