According to the Circular-Flow Diagram GDP

question 26

Multiple Choice

According to the circular-flow diagram GDP

• A)can be computed as either the revenue firms receive from the sales of goods and services or the payments they make to factors of production.
• B)can be computed as the revenue firms receive from the sales of goods and services but not as the payments they make to factors of production.
• C)can be computed as payments firms make to factors of production but not as revenues they receive from the sales of goods and services.
• D)cannot be computed as either the revenue firms receive or the payments they make to factors of production.

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Definitions:

Energy Currency

ATP (adenosine triphosphate), a molecule that stores and transfers energy within cells, making it possible for cells to perform their functions.

Macromolecules

Large molecules necessary for life, including proteins, nucleic acids, carbohydrates, and lipids.

Transistors

Semiconductor devices used to amplify or switch electronic signals and electrical power.

CPU

The Central Processing Unit, which acts as the primary component of a computer that performs most of the processing inside a computer.