1.which labels, according to the diagram represent expenditures, or goods and services?
a. b
b. d
c. a
d. c
2. which of the following is most likely to happen if many families in a community stop
spending as much money at the local grocery store?
a. farmers would produce more crops to increase supply.
b. the grocery store would lay off several employees.
c. the grocery store would invest in more displays.
d. the families would have to begin growing their own food.
3.what is an economy's total output divided by its total population called?
a. gross national product
b. circular flow
c. gross domestic product per capita
d. net export
my answers:
1.b
2.c
3. d