Which of the Following Will Invariably Be Illustrated by a Circular

question 28

Multiple Choice

Which of the following will invariably be illustrated by a circular flow of income diagram?

• A)The value of foreign net output
• B)Trade deficit always equals payments for resource services
• C)The value of output is equal to income
• D)The value of private production always equals the value of household income
• E)The value of net exports is positive

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Definitions:

Least Squares

A mathematical method used to find the best-fitting line or curve to a given set of points by minimizing the sum of the squares of the offsets ("the residuals") of the points from the curve.

Goals/G

An abbreviation for goals per game, a metric used primarily in sports analytics to assess the average number of goals scored per game by a team or player.

National Hockey League

A North American professional ice hockey league that includes teams from both the United States and Canada.

Linear Regression

An analytical technique that models the connection between a dependent variable and one or more independent variables.