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

Author Question: What is the relationship shown by the circular flow among income, total expenditure, and GDP? ... (Read 78 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
What is the relationship shown by the circular flow among income, total expenditure, and GDP?
 
  What will be an ideal response?

Question 2

During a recession, the average duration of unemployment tends to
 
  A) be unpredictable.
  B) be about the same as during an expansion.
  C) decrease.
  D) increase.
  E) remain constant.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

They are all equal. The value of production, which is GDP, equals income because firms pay factors (income) the revenue they receive from selling the goods and services they produce (GDP). Next, the revenue that firms receive from selling the goods and services they produce (GDP) is equal to what is spent as expenditures on the goods and services. (total expenditure).

Answer to Question 2

D


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Blood pressure and blood volume relationship Blood pressure and blood volume relationship
Flow Patterns and Large-Scale Weather Flow Patterns and Large-Scale Weather
Using small, circular strokes, exfoliate the client’s neck and back. Using small, circular strokes, exfoliate the client’s neck and back.
Hand signals are an effective emergency backup to ra- dio communication systems. Shown are several ... Hand signals are an effective emergency backup to ra- dio communication systems. Shown are several ...
Thermohaline currents flow to all oceans Thermohaline currents flow to all oceans
Look at the graph function shown belowPlea Look at the graph function shown belowPlea
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library