Multiple Choice
The national income accounting system measures economic activity based on the concept of _____
A) absolute advantage of different industries in an economy.
B) the circular flow of precious metals and money through the different sectors of an economy.
C) comparative advantage of different industries in an economy.
D) the circular flow of output and income through the different sectors of an economy.
E) the circular flow of labor and other resources through the different sectors of an economy.
Correct Answer:
Verified
Correct Answer:
Verified
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