Because of the Circular Flows of Expenditure and Income in the Economy

question 54

Multiple Choice

Because of the circular flows of expenditure and income in the economy, total _{-------------} equals total_{-------------}
Equals total_{-------------} .

• A)expenditure; investment; income
• B)expenditure; income; value of production
• C)consumption; investment; expenditure
• D)investment; income; consumption
• E)consumption; expenditure; value of production

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Definitions:

Velocity

The speed at which the data are generated.

Continuity Correction

An adjustment made to a discrete probability distribution to better approximate a continuous distribution, often used in binomial and normal distribution approximation.

Discrete Binomial Distribution

A probability distribution that models the number of successes in a fixed number of independent yes/no experiments, each with the same probability of success.

Continuous Normal Distribution

A type of probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.