Table 2.10 -Using Table 2.10,what Is the Activity with the Greatest Amount

question 27

Multiple Choice

Table 2.10

-Using Table 2.10,what is the activity with the greatest amount of slack?

• A)A
• B)B
• C)C

---

Definitions:

Circular-Flow Diagram

A Circular-Flow Diagram is a visual model of the economy that shows how dollars flow through markets among households and firms.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Factors of Production

The factors of production include land, labor, capital, and entrepreneurship, which are the resources used in the process of producing goods and services.

Real GDP

An evaluation of the economic output's value, after accounting for changes in prices because of inflation or deflation, demonstrating the genuine amount of goods and services produced.