Exam 2: The U.S.and Global Economies

In the circular flow model,which of the following is on the selling side in the goods market?

The largest share of total production in the United States is

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

What determines the income flows that households receive?

In the United States,which factor of production earns the largest share of the nation's total income?

Which of following groups of countries are all advanced economies?

________ paid for the use of land; ________ paid for the services of labor; and ________ paid for the use of capital.

Which of the following correctly lists the categories of factors of production?

An example of a real flow in the circular flow diagram is

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?

In the circular flow model with the government sector,transfers

Nigeria would be classified by the International Monetary Fund as

Which of the following is NOT considered a consumption good?

In the United States,the poorest 20 percent of households receive about ________ percent of total income.

The difference between consumption and capital goods is that

Physical capital differences across countries can be seen in the fact that

________ economies include ________.

The personal distribution of income shows

Wages are paid to ________ and interest is paid to ________.

Which of the following is NOT considered an example of a capital good?