Which of the following would be classified as a government purchase?
a. Social security payments
b. Government purchases of computers
c. Unemployment insurance payments
d. Welfare payments
e. Veterans' Administration payments.
B
Economics
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The total of all planned expenditures in the entire economy is the definition of
A) production possibilities curve. B) aggregate demand. C) net domestic product. D) aggregate supply.
Economics
The circular flow model is used to show the
A) flow of renewable natural resources. B) expansions and contractions of economic activity. C) recycling process of production materials. D) flow of expenditures and incomes in the economy. E) flow of supply and the flow of demand.
Economics