The Circular Flow Diagram Shows That

question 256

Multiple Choice

The circular flow diagram shows that

• A)the value of total income is equal to the total value of expenditures on final goods and services.
• B)firms pay households wages,and households receive transfer payments from firms.
• C)households spend all their income on goods and services.
• D)GDP will be less than the total value of expenditures on final goods and services in the economy.

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Definitions:

Schizophrenia

A mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Alzheimer's Disease

A progressive neurological disorder that leads to memory loss, cognitive decline, and eventually the inability to carry out simple tasks.

Electroconvulsive Therapy

A medical treatment most commonly used for severe depression, involving electric currents passed through the brain to induce seizures.

Suicidal Behavior

Involves actions taken towards self-harm with the intention to end one's life.