Use the Following to Answer Questions

question 228

Multiple Choice

Use the following to answer questions :
Figure: Circular-Flow Model
-(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. If the circular-flow model is in equilibrium (the sum of money flowing into each box is equal to the sum of the money flowing out of it) , which of the following is likely to happen if there is a decrease in imports?

• A)an increase in the nominal GDP
• B)a decrease in the nominal GDP
• C)an increase in the unemployment rate
• D)an increase in the nominal GDP, a decrease in the nominal GDP, and an increase in the unemployment rate

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Definitions:

Farm Families

are households that engage in agriculture, managing farms for the production of crops and raising livestock, often spanning multiple generations.

Irish Immigrants

People from Ireland who moved to another country, especially noticeable in the 19th and early 20th centuries to the United States, due to famine and economic conditions.

German Immigrants

Individuals from Germany who have moved to another country, historically significant in contributing to the demographic, cultural, and economic development of places like the United States.

Skilled

Having or showing the knowledge, ability, or training to perform a specific task or job with competence.