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Author Question: The major lesson of the circular flow diagram is that (Read 11 times)

ARLKQ

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on: Apr 19, 2019

Question 1

A household that spends less than it receives in income during a given period is


◦ saving.
◦ dissaving.
◦ running a deficit.
◦ receiving transfer payments.

Question 2

The major lesson of the circular flow diagram is that


◦ saving must always be less than investment.
◦ taxes must always be greater than government expenditures.
◦ total income in the economy must always equal total spending.
◦ tax receipts must be equal to transfer payments
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ARLKQ on Apr 19, 2019

BUTTHOL369

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ARLKQ

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Reply #2 on: Apr 19, 2019
Thank you!


BUTTHOL369

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Reply #3 on: Apr 19, 2019
Always glad to help...


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