Total Output and Total Income in the Circular Flow Model

question 180

Multiple Choice

Total output and total income in the circular flow model

• A) are measures of the economyʹs level of savings.
• B) include only intermediate goods.
• C) are related because national income is less than national product.
• D) are equal to each other.

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Definitions:

Hyaline Cartilage

Hyaline Cartilage is a translucent, elastic tissue that covers the ends of bones in joint areas, reducing friction and absorbing shock during movement.

Synovial Fluid

A viscous fluid found in the cavities of synovial joints, reducing friction between articular cartilages during movement.

Metacarpals

The five long bones in the hand that connect the wrist to the fingers.

Clavicles

Long bones that serve as a strut between the shoulder blade and the sternum or breastbone, also known as collarbones.