In a Circular-Flow Diagram,total Income and Total Expenditures in an Economy

question 81

Multiple Choice

In a circular-flow diagram,total income and total expenditures in an economy are:

• A)equal because firms are ultimately owned by households.
• B)equal only if there is no saving.
• C)equal because every transaction has a buyer and a seller.
• D)always equal because some people's income is not for production.

Know the healthcare payment systems like Diagnosis-Related Groups (DRG) and Inpatient Prospective Payment System (IPPS), and understand their significance in coding.

Understand the scale of agricultural sales in the U.S. and identify the contribution of large farms.

Recognize the socio-economic impacts of World War II on housing and urban development in the U.S.

Comprehend the economic mobilization and the percentage of national output devoted to World War II.

---

Definitions:

Senior Executives

High-level managers who are responsible for making critical decisions and shaping the direction of an organization.

Organization's Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a workplace.

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

Discrete Categories

Distinct and separate classifications or groups into which objects, concepts, or entities can be sorted based on specific criteria.