Author Question: As the circular flow model shows, the factors of production flow from A) households to firms ... (Read 152 times)

nummyann · **on:** Jun 30, 2018

As the circular flow model shows, the factors of production flow from

A) households to firms through the factor market.
B) firms to households through the goods market.
C) the goods market through firms to the factor markets.
D) households to firms through the goods market.
E) firms to households through the factor market.

Question 2

In 2009, U.S. real GDP decreased by 3 percent and the population grew by 1 percent. Thus, real GDP per person

A) decreased 4 percent.
B) increased 4 percent.
C) decreased 3 percent.
D) increased 2 percent.
E) decreased 2 percent.