The Circular Flow Shows That GDP Measures

question 144

Multiple Choice

The circular flow shows that GDP measures
I.total income.
Ii.total expenditures.
Iii.price changes.

• A)i only
• B)ii only
• C)iii only
• D)i and ii
• E)i,ii,and iii

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Definitions:

Chunk

A unit of information grouped together for easier processing and recall, often used in memory and learning strategies.

Recognition

The identification of something as having been previously seen, heard, known, or experienced.

Fill-in-the-blank Quiz

A type of assessment where participants are required to insert missing words or information into a sentence or paragraph.

George Miller

A cognitive psychologist best known for his theory that the average number of objects an individual can hold in short-term memory is 7 ± 2.