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In the circular flow diagram, aggregate expenditure includes the sum of



1) In the circular flow diagram, aggregate expenditure includes the sum of
A) saving and investment.
B) consumption and investment.
C) consumption, investment, and saving.
D) income and saving.
2) In the circular flow of economic activity
A) aggregate expenditure measures the dollar value of purchases of factors.
B) aggregate expenditure measures the dollar value of purchases of final goods and services.
C) aggregate income measures the dollar value of labor resources only.
D) aggregate expenditure is measured as it moves through the financial markets.
3) In the above figure, flow B represents ________.
A) household purchases of goods and services
B) household borrowing
C) household income
D) firmsʹ payments for labor services
4) In the above figure, flow B represents householdsʹ ________.
A) income
B) consumption expenditures
C) saving
D) investment




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