Use the flow table and chart for help with answering the following questions. While national income and domestic product must be equal, income must also equal expenditure for each of the six sectors in the circular flow diagram: firms, consumers, government, financial system, investors, and the “rest of the world.” For example, the amount of (1)___________flowing into the consumers sector must equal the amount of (2) _________flowing out of this sector.
Use the flow table and chart for help with answering the following questions. While national income and domestic product must be equal, income must also equal expenditure for each of the six sectors in the circular flow diagram: firms, consumers, government, financial system, investors, and the “rest of the world.” For example, the amount of (1)___________flowing into the consumers sector must equal the amount of (2) _________flowing out of this sector.
Survey of Economics (MindTap Course List)
9th Edition
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Irvin B. Tucker
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 13SQ
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Use the flow table and chart for help with answering the following questions.
While
for 1 the choices are:
A. disposable income
B. consumption plus saving
C. saving
D. taxes
for 2 the choices are:
a. investment spending
B. consumption plus saving
C. disposable incomoe
D. transfers plus government purchases
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