The circular flow model shows what households buy and sell in the resource market

Indicate whether the statement is true or false

F

Economics

You might also like to view...

The table below shows data regarding Germany's labor market

Year Labor Force (millions) Number of Employed (millions) Population (millions) 2006 43.7 39.01 82.3 2007 43.7 39.06 82.2 2008 43.6 39.8 82.1 The data show that Germany's unemployment rate between 2007 and 2008 A) increased. B) decreased C) stayed the same. D) cannot be determined because the population decreased.

Economics

A U.S. firm produces nail guns in the first quarter of 2010 and adds them to its inventory. In the second quarter of 2010 the firm sells the nail guns to a U.S. construction company. In which quarter(s) is (are) GDP higher?

a. the first and the second b. the first but not the second c. the second but not the first d. neither the first nor the second

Economics