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11 Dec 2019
According to the circular flow of income and output, which of the following is NOT TRUE?
Question options:
A. Total income and total output must be equal.
B. Goods and services flow in one direction and money payments flow in the other direction.
C. In every economic transaction, the seller receives exactly the same amount that the buyer spends.
D. Goods, services, and money all flow in one direction since money pays for the goods and services.
According to the circular flow of income and output, which of the following is NOT TRUE?
Question options:
A. Total income and total output must be equal.
B. Goods and services flow in one direction and money payments flow in the other direction.
C. In every economic transaction, the seller receives exactly the same amount that the buyer spends.
D. Goods, services, and money all flow in one direction since money pays for the goods and services.
Nelly StrackeLv2
1 Apr 2020