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28 Nov 2020
According to the circular-flow diagram, GDP can be computed:
1. as the total income paid by firms or as expenditures on final goods and services
2. can be computed as the total income paid by firms, but not as expenditures on final goods and services
3. can be computed as expenditures on final goods and services, but not as the total income paid by firms
4. cannot be computed as either total income paid by firms or expenditures on final goods and services
According to the circular-flow diagram, GDP can be computed:
1. as the total income paid by firms or as expenditures on final goods and services
2. can be computed as the total income paid by firms, but not as expenditures on final goods and services
3. can be computed as expenditures on final goods and services, but not as the total income paid by firms
4. cannot be computed as either total income paid by firms or expenditures on final goods and services
Sonal BahlLv10
3 Jan 2021
