Equilibrium in the circular flow of income occurs when ?

Related Mcqs:

Purchasing power parity exchange rates are used to ?

A. compare living standards of different countries B. pay wages b multinational companies C. estimate the costs of economic growth D. convert nominal GDP to real GDP...

According to the classical economists, the only gainers from growth would be ?

A. landlords B. peasants C. The army D. politicians...

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

A. move into surplus B. move into deficit C. remain unchanged D. None of the above above...

Real GNP measures income ?

A. including non-market activities B. adjusted for inflation C. including externalities D. including tax evasion...

When we refer to the hidden economy we mean unrecorded income owing to ?

A. tax evasion B. poor statistics C. the lags between statistical collection and publication D. smuggling...