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

Author Question: Total output and total income in the circular flow model A) are measures of the economy's level ... (Read 74 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vkodali

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


jc611

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

The wild radish, Raphanus sativus, has become a model for studying the mating behaviour of plants. The wild radish, Raphanus sativus, has become a model for studying the mating behaviour of plants.
Respiratory Assistive Devices, Peak Flow Meter Respiratory Assistive Devices, Peak Flow Meter
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
Reach from behind to apply circular friction to the temples on both sides. Reach from behind to apply circular friction to the temples on both sides.
Reaction 7: The First Substrate-Level Phosphorylation Reaction 7: The First Substrate-Level Phosphorylation
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library