In a Simple Circular-Flow Diagram,total Income and Total Expenditure Are

question 122

Multiple Choice

In a simple circular-flow diagram,total income and total expenditure are

• A) never equal because total income always exceeds total expenditure.
• B) seldom equal because of the ongoing changes in an economy's unemployment rate.
• C) equal only when one dollar is spent on goods for every dollar that is spent on services.
• D) always equal because every transaction has a buyer and a seller.

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Definitions:

Calculus Test

An examination or assessment aimed at determining an individual's understanding and proficiency in calculus, a branch of mathematics focused on limits, functions, derivatives, integrals, and infinite series.

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