n the circular flow model, the business sector _____ goods and services in _____ markets.

Order instructions

__ 1.  In the circular flow model, the business sector _____ goods and services in _____             markets.

  1.          demands; product                               c.         supplies; product
  2.          demands; resource                              d.         supplies; resource

 

___ 2.  In the circular flow model, the household sector _____ goods and services in _____          markets.

  1.          demands; product                               c.         supplies; product
  2.          demands; resource                              d.         supplies; resource

 

___ 3.  In the circular flow model, the business sector _____ the factors of production (inputs) in _____ markets.

  1.          demands; product                               c.         supplies; product
  2.          demands; resource                              d.         supplies; resource

 

___ 4.  In the circular flow model, the household sector _____ the factors of production (inputs) in          _____ markets.

  1.          demands; product                               c.         supplies; product
  2.          demands; resource                              d.         supplies; resource

 

___ 5.  Which of the following would best explain an increase in the demand for jeans?

  1. A decrease in income, assuming jeans are normal goods
  2. A decrease in the popularity of jeans
  3. An increase in the number of schools that allow students to wear jeans
  4. A decrease in the price of jeans

 

Use the data below to answer questions 6 – 7:

 

Consumption Expenditures (C)          $12,100 billion

Investment Expenditures (I)                 $2,800 billion

Government Expenditures (G)             $3,200 billion

Exports (EX)                                         $2,500 billion

Imports (IM)                                         $2,760 billion

Depreciation                                          $2,200 billion

 

___ 6.  Gross Domestic Product (GDP) is equal to ________.

  1.          $22,800 billion                                    c.         $25,560 billion
  2.          $19,760 billion                                    d.         $17,840 billion

 

___ 7.  Net exports are equal to __________.

  1.          $5,260 billion                                      c.         –$260 billion
  2.          – $560 billion                                      d.         $2,500 billion

For a custom paper on the above or a related topic, place your order now!

What We Offer:

• Affordable Rates – (15 – 35% Discount on your first  two orders)
• 100% Free from Plagiarism
• Masters & Ph.D. Level Writers
• Money Back Guarantee
• 100% Privacy and Confidentiality
• Unlimited Revisions at no Extra Charges
• Guaranteed High-Quality Content

Order Similar Assignment Now!

  • Our Support Staff are online 24/7
  • Our Writers are available 24/7
  • Most Urgent order is delivered within 4 Hrs
  • 100% Original Assignment Plagiarism report can be sent to you upon request.

GET 15 % DISCOUNT TODAY use the discount code PAPER15 at the order form.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: