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.Management Sciences
Category: The National Economy
The percentage of the labor force that is unemployed is the ?
0
A. unemployment rate
B. labor force rate
C. employment rate
D. unemployment population ratio
Equilibrium in the circular flow of income occurs when ?
A. Injections = withdrawals
B. There is a Bank Holiday
C. Injections withdrawals
D. None of these
The diagram that shows the income received and payments made by each sector of the economy is the ?
A. income-expenditures diagram
B. aggregate demand-aggregate supply diagram
C. circular flow diagram
D. income-price diagram
If desired spending in the economy exceeds income we would expect ?
A. households to save more
B. firms to produce less
C. firms to produce more
D. the MPC to change
In an economy measuring (1) total value added (2)total spending on final goods and (3)total factor earning gives the result that ?
A. 3>2>1
B. 3=2=1
C. 3<2<1
D. any measure can be larger or smaller than any other
An index of prices of all domestically produced goods in the economy is the ?
A. wholesale price index (WPI)
B. Consumer price index (CPI)
C. GDP deflator
D. Producer price index (PPI)
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