Chapter 8 Homework and Practice - Chapter 8 Homework and...

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Chapter 8 Homework and Practice
flow
2)According to the circular flow of income andoutput,which of the following is nottrue?
.3)Total income can be viewed as the sum ofwages,rents,interest,and profits, payments to factor services such asland,labor,capital,andentrepreneurial activity, the dollar value of output produced since total income and totalproduction are equal
5)In the circular flow of incomehouseholds demand goods and services that are supplied byfirms,while supplying resources that aredemanded by firms

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