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
Dian, an agent for expo motors, inc., writes a letter to flynn on november 1 stating that she will sell him a 2017 subaru outback for $25,000 between november 1 and december 31. dian's letter to flynn is
Answers (1)
XYZ, Inc., has issued 11 million new shares of stock. An investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 8.8 million shares for $31 per share, and it charges XYZ $0.695 per share sold. a.
Answers (1)
What development strategy/policy favored by the IMF, World Bank, and the US compels developing nations to reform their economies along neoliberal lines in order to compete in the global market?
Answers (1)
If competitive market circumstances are such that there is some leader-follower price competition, some product differentiation, and the purpose of advertising is to inform, but avoid price competition, then we must be operating in a (n) :
Answers (1)
Josh runs into heavy traffic every day while driving to work. yesterday, he left home earlier than usual and did not run into heavy traffic. again, today, he left earlier and avoided heavy traffic.
Answers (2)
New Questions in Business
Marcus Nurseries Inc.'s 2005 balance sheet showed total common equity of $2,050,000, which included $1,750,000 of retained earnings. The company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share.
Answers (1)
Describe how you will operate your business in terms of your involvement
Answers (1)
A person wishing to manufacture and sell a product that another holds the patent on
Answers (1)
Which of the following is included in GDP? Group of answer choices revenue from the sale of a three-year old car the receipts from a sale of land the fees charged for a stock broker's services the value of lawn care service provided by a
Answers (1)
Which of these is an example of rebranding? O A. A new motto O B. More employees O C. Higher pricing O D. More investments
Answers (1)