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:

Frequency-Dependent Selection

An evolutionary process by which the fitness of a phenotype or allele depends on its frequency relative to other phenotypes or alleles in a given population.

Phenotype

The set of observable characteristics or traits of an organism that results from the interaction of its genotype with the environment.

Common Phenotype

The set of observable characteristics or traits shared by individuals within the same population.

Neutral Variation

Variation that does not appear to confer any selective advantage or disadvantage to the organism.