The circular flow of income shows that GDP can be measured as the ...

[K@]

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

[Jbrasil]

Answer to Question 1

TRUE

Answer to Question 2

C

[K@]

Thanks for the timely response, appreciate it

[kswal303]

Excellent