The simple circular flow model shows that
A. total income received by households is different from the dollar value of all goods and services produced because the units of measurement are not the same.
B. total income received by households is less than the total value of goods and services produced because of leakages.
C. total income received by households is less than total payments to business because there are business profits.
D. total income received by households must be equal to the dollar value of all goods and services produced.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The simple circular flow model shows that A. total income received by households is different from the dollar value of all goods and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Seventy percent of a house painter's business is exterior work and the other thirty percent is interior.
Answers (1)
An equipment costing $60,000 is being evaluated for a production process at Don Jones Co. The expected benefits per year is $4,500 and estimated salvage value is $20,000. Determine the rate of return the company can get in this equipment proposal.
Answers (1)
If the P/E ratio of a company's common stock were 12, and its earnings were $2.50 per common share:A. the market value of the common stock would be $20.83 per share. B. the market value of the common stock would be $25.00 per shareC.
Answers (1)
The new technological capability that allows employees to work from locations other than their office and log into their company's network remotely is known as telecommuting. True / False.
Answers (1)
The term economic cycle refers to what? How does it impact a business?
Answers (1)
New Questions in Business
Compared to more developed countries, less developed countries have a higher percentage of workers in which sector of the economy?
Answers (1)
The owners of sole proprietorships and partnerships have A. unlimited liability. B. general incorporation laws. C. greater ability to raise funds than a corporation. D. relatively high organization costs.
Answers (1)
Cash received prior to delivering a product or performing a service is called what
Answers (1)
You are exploring a career in nursing in the state of MA. The average hourly wage for a RN is $33.37. You are planning to work 40 regular hours plus 8 hours overtime at time and a half every week. What will your weekly earnings be?
Answers (1)
True or false: if larry's fire engines were a competitive firm instead and $80,000 were the market price for an engine, decreasing its price from $80,000 to $60,000 would result in a decrease in the production quantity, but an increase in total
Answers (1)