Total output and total income in the circular flow model A) ...

[jc611]

Total output and total income in the circular flow model
 
  A) are measures of the economy's level of savings.
  B) include only intermediate goods.
  C) are equal to each other.
  D) are related because national income is less than national product.

Question 2

According to the circular flow diagram, the dollar value of a nation's output is equal to
 
  A) profits.
  B) total income.
  C) net income minus taxes.
  D) wages.

[vkodali]

Answer to Question 1

C

Answer to Question 2

B

[jc611]

Excellent

[kilada]

Thanks for the timely response, appreciate it