In the circular flow of income, both saving and net taxes flow into government.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Suppose only 7 percent of Turkey's products go to the United States. Hence, an increase in U.S. imports from Turkey:
a. would have no significant effect on Turkey's domestic income. b. would significantly increase Turkey's domestic income. c. would significantly decrease Turkey's domestic income. d. would significantly increase U.S. domestic income. e. would significantly decrease U.S. domestic income.
When a firm produces 1 unit of output total cost is €350. When the firm produces 2 units of output, total cost is €450. The marginal cost of producing the second unit of output is:
(a) €100. (b) €150. (c) €250. (d) €350.
If you knew that an investment was going to pay you $128 in 5 years, and you knew that the annual interest rate over that time would be 5 percent, you could calculate the present value to be:
A. $90. B. $95. C. $105. D. None of these is true.
Suppose when real disposable income is $5000, planned real consumption is $4000. When real disposable income increases to $6000, planned real saving increases by $500. The new planned real consumption expenditures is
A. $5,000. B. $3,500. C. $6,000. D. $4,500.