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:

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