The Simple Circular Flow Diagram Shows That Economic Aggregates Can

question 244

Multiple Choice

The simple circular flow diagram shows that economic aggregates can be calculated either by the _____ flows in the product market or by the _____ flowing to households in the resource market.

• A) spending; income
• B) income; spending
• C) output; spending
• D) spending; output

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Definitions:

Leading Questions

Queries phrased in a way that suggests the desired answer, typically discouraged in witness examination unless during cross-examination.

Stereotypes

Oversimplified, fixed ideas about a group or category of people, often based on assumptions rather than facts.

Gut Reactions

Instant responses or feelings about a situation, often based on intuition rather than reasoned analysis.

Marital Status

Marital status indicates a person's legal relationship status, such as single, married, divorced, or widowed, often influencing legal rights and obligations.