Which of the Following Will Invariably Be Illustrated by a Circular

question 28

Multiple Choice

Which of the following will invariably be illustrated by a circular flow of income diagram?

• A)The value of foreign net output
• B)Trade deficit always equals payments for resource services
• C)The value of output is equal to income
• D)The value of private production always equals the value of household income
• E)The value of net exports is positive

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Definitions:

Polk

James K. Polk, the 11th President of the United States (1845-1849), known for his expansionist policy, including the annexation of Texas and the acquisition of territories following the Mexican-American War.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, valued for promoting mutual respect and understanding.

Mining Business

Refers to the industry and activities involved in extracting minerals from the earth, including exploration, extraction, and processing of minerals.

Immigrant Miners

Individuals who have migrated from another country and work in the mining industry, often seeking economic opportunities.