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:

Vascular Surgeon

A specialized doctor who diagnoses, treats, and manages conditions of the vascular system, excluding the heart and brain.

Fistula

An abnormal tubelike passage from a normal cavity or an abscess to a free surface.

Artery And Vein

Blood vessels where arteries carry oxygenated blood from the heart to the body, and veins return deoxygenated blood back to the heart.

Headache

A headache is a condition characterized by pain in any region of the head, often caused by stress, tension, vascular changes, medications, or illness.