In A Simple Circular Flow Diagram Total Income And Total Expenditure Are

Always equal because some peoples income is not for production. Never equal because total income always exceeds total expenditure.

Slide 8 1 The Simple Circular Flow Slide 8 2 The Simple Circular

In a simple circular flow diagram.

In a simple circular flow diagram total income and total expenditure are. Equal because firms are ultimately owned by households. Are equal only when all goods and services produced are sold. If gdp rises 11.

Equal only when one dollar is spent on goods for every dollar that is spent on services. Answer equal because every transaction has a buyer and a seller. Circular flow of income is the economic theory that in an economy total expenditure and total income are equal.

The circular flow of income describes these flows of dollars. Seldom equal because of the dynamic changes which occur in an economy. In a circular flow diagram total income and total expenditures in an economy are.

Seldom equal because of the ongoing changes in an economys unemployment rate. Are seldom equal because of the dynamic changes which occur in an economy. Are always equal because every transaction has both a buyer and a seller.

In a simple circular flow diagram total income and total expenditure are a. Equal only when the government purchases no goods or services. Always equal because every transaction has a buyer and a seller.

What is the circular flow of income. Are always equal because of accounting rules. In a simple circular flow diagram total income and total expenditure in an economy a.

In a simple circular flow diagram total income and total expenditure are a. Always equal because every transaction has a buyer and a seller. Equal only when all goods and services produced are sold.

In a simple circular flow diagram total income and total expenditure are always equal because every transaction has a buyer and a seller 13. Equal only if there is no saving. From a simple version of the circular flow we learn that as a matter of accounting gross domestic product gdp income production spending.

Never equal because total income always exceeds total expenditure. In a simple circular flow diagram total income and total expenditure are a. The circular flow of income is a theory that describes the movement of expenditure and income throughout the economy.

Measuring The Economy S Performance Ppt Download