Which of the following is true of leakages and injections in the circular flow model?
a. Leakages minus injections equal gross domestic product (GDP)
b. Injections minus leakages equal gross domestic product (GDP).
c. Leakages minus injections equal zero in equilibrium.
d. Leakages must be less than injections for an economy to be in equilibrium.
e. Leakages must be greater than injections for an economy to be growing.
c
Economics
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The majority of the income earned in the United States is paid in
A) wages. B) rent. C) profit. D) dividends. E) interest.
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The table above shows data reported by the Office for National Statistics for the United Kingdom in September 2000. In September 2000, the unemployment rate is
A) 5.5 percent. B) 1,619 thousand. C) 3.5 percent. D) 3.7 percent. E) 5.8 percent.
Economics