The Circular-Flow Diagram Illustrates That

question 11

Multiple Choice

The circular-flow diagram illustrates that:

• A)production generates income so that income and production are the same.
• B)the economy's income is less than its production.
• C)the economy's income is exceeds its production.
• D)none of the above are necessarily correct.

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Definitions:

Present Value Tables

A set of tables used to calculate the present value of an amount of money to be received in the future by taking into account a specific interest rate.