ADMS 1010 : ECON_CH20.pdf

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: All

Document Summary

Topic: gross domestic product: the circular flow diagram illustrates the expenditures made by, households and investors only, households, firms, governments, and the rest of the world, households and firms only, firms, households, and governments only, households only. Topic: gross domestic product: of the following items, which one would be considered as investment in the national income and expenditure. Topic: gross domestic product: complete the following sentence. Net exports equals: exports plus imports, exports minus imports, imports minus exports, exports divided by imports, foreign borrowing by residents of canada minus domestic borrowing by nonresidents of canada. Provincial government expenditures are included in provincial gdp calculations: the federal government only. Provincial and local government expenditures are included in provincial. Gdp calculations: provincial and local governments only. 2: which one of the following is an expenditure flow from households to firms, goods and services, loans, payments for goods and services, payments for factor services, factor services.