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If goods and services flow clockwise in a circular economic flow diagram then consumption expenditures flow.....?
Adh99
Counterclockwise and revenues flow counterclockwise.
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∙ 11y ago
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What is a statement that most accurately describes the relationship between incomes and expenditures in the circular flow of economic activities?
The flows of income and expenditures are about equal.
What economic changes will decrease household expenditures?
Deflation
How is the economic activity circular?
It isnt
How do you evaluate public expenditures?
Public expenditures can be evaluated by comparing their costs and benefits. If benefits are greater than costs, then such expenditures have been done efficiently. If public expenditures have created more jobs, more products, more services, more schools, more hospitals, and more houses, then such expenditures have substantially contributed to our economic growth.
What is a nation's gross domestic product?
Gross domestic product or GDP is a valuable summation of nations economic productivity. The simple formula for deriving GDP is adding a nation's total currency value of consumption, investment, government expenditures and net exports together.
What is a statement that most accurately describes the relationship between incomes and expenditures in the circular flow of economic activities?
The flows of income and expenditures are about equal.
What has the author Marguerite C Burk written?
Marguerite C. Burk has written: 'Consumption economics' -- subject(s): Consumption (Economics) 'Trends and patterns in U.S. food consumption' -- subject(s): Food consumption 'Influences of economic and social factors on U.S. food consumption' -- subject(s): Food consumption 'Food expenditures by upper income families' -- subject(s): Food consumption, Upper class
What has the author Creg V Shaffer written?
Creg V. Shaffer has written: 'An analysis of consumption and expenditures for Lithuanian households using budget survey data' -- subject(s): Cost and standard of living, Economic conditions, Food consumption, Population, Statistics
What economic changes will decrease household expenditures?
Deflation
How is the economic activity circular?
It isnt
What has the author Stanley Lebergott written?
Stanley Lebergott has written: 'Men without work' -- subject(s): Unemployed 'Consumer expenditures' -- subject(s): Consumption (Economics), History 'The Americans, an economic record' -- subject(s): Economic conditions 'Wealth and want' -- subject(s): Income distribution, Wealth
How do you evaluate public expenditures?
Public expenditures can be evaluated by comparing their costs and benefits. If benefits are greater than costs, then such expenditures have been done efficiently. If public expenditures have created more jobs, more products, more services, more schools, more hospitals, and more houses, then such expenditures have substantially contributed to our economic growth.
What is a nation's gross domestic product?
Gross domestic product or GDP is a valuable summation of nations economic productivity. The simple formula for deriving GDP is adding a nation's total currency value of consumption, investment, government expenditures and net exports together.
Circular flow of economic activity?
Cached - SimilarYou +1'd this publicly. UndoIn economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income
How do government taxation for consumption spending and importing goods for short term consumption affect economic growth?
Government taxation for consumption spending and importing goods for short-term consumption weakens the economic growth. An increase in imports results in a lower GDP and, consequently, economic loss as money is spent and funneled out of the country.
Which of the consumption theory is applicable to Nigerian economic?
1which of the consumption theory is applicable to Nigerian economics
What are universal economic constants?
The Universal Economic Constants are Production, Investment, Savings and Consumption.
