In the circular flow model: a) income and expenditures are equal. b) investment comes from government tax policy. c) consumption expenditures fund investment. d) the value of income earned by the government is determined by the foreign sector

In the circular flow model: a) income and expenditures are equal. b) investment comes from government tax policy. c) consumption expenditures fund investment. d) the value of income earned by the government is determined by the foreign sector

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 7SQ

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Question

In the circular flow model:

a) income and expenditures are equal.

b) investment comes from government tax policy.

c) consumption expenditures fund investment.

d) the value of income earned by the government is determined by the foreign sector

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