Exam 2: The Usand Global Economies

The decisions of firms and households are

If there is a national debt, we can conclude that the federal government has

Among the United States, Canada, Russia, India, and the United Kingdom, the country with the highest average income per person is

The data show that more than 60 percent of the total income earned in the United States goes to

What determines the revenue flows received by businesses?

The personal distribution of income measures which of the following?

The figure above shows governments in the circular flow. -In the figure above, households

When the total U.S.production of goods and services is divided into consumption goods and services, capital goods, government goods and services, and export goods and services, the largest component is

The circular flow model shows the flow of

The owners of the resource ________ are paid ________.

2.5 Chapter Figures The figure above shows the circular flow model. -In the figure above, which of the following represents a real flow of a factor of production?

Economists classify energy and water as part of which factor of production?

What determines the income flows that households receive?

In the United States, how does the income received by the richest 20 percent of individuals compare with the income received by the other 80 percent?

Income taxes paid by corporations are

The percentage of the world's population that lives in the emerging market economies is

Explain the difference between consumption and capital goods.

What would be an example of consumption service?

In the circular flow model, rent, wages, interest, and profit paid flow from ________ through ________ to ________.

The difference between consumption and capital goods is that