Refer to Figure 13.1. If the voting method used to select a location for the recreation center is the plurality-rule method, the number of voters who will vote against the winning city is

The V in the equation of exchange represents the:

a. variation in the GDP. b. variation in the CPI. c. variation in real GDP. d. average number of times per year a dollar is spent on final goods and services.

In the circular flow model, which of the following is considered a leakage?

A. Investment spending B. Business spending C. Household saving D. Total exports