In the circular income flow, the ___ flow that goes from families to companies is consumption expenses
Monetary
Real
The other answers are correct
In the circular flow income, the monetary flow that goes from companies to families is ___
Consumer expending
Wages, rents, dividends, etc.
Production factors
Calculate the NNPmp with this information: C = 10,500; I = 7,000; G = 6,000; X = 1,000; M = 800; Ti = 430; Su = 500; Dep = 350; IEC = 605; and IEF = 45
23,980
23,910
23,420
In the circular income flow, the monetary flow that goes from ___ is wages
The Lorenz curve is often used to represent the ___ where it shows at the bottom the percentage of families and the percentage of total income they have
Relationship between supply and demand
Distribution of income
Relationship between wealth and wages
The Gini coefficient is defined as a proportion and can vary form ___
0 to 5
0 to 1
0 to 10
The ___ excludes activities that aren't maintained through the market, such as family production and voluntary or unpaid services
Economic Well-Being Sustainability Index
Genuine Progress Indicator
Gross Domestic Product
GDP ignores ___ such as damage to the environment
Externalities
Internalities
The other answers are correct
The ___ takes the same raw information offered by GDP and then adjust for income distribution, adds the value of family and volunteer work, and substract crime and pollution
Genuine Progress Indicator
The other answers are correct
Economic Well-Being Sustainability Index
The ___ Center for studies is currently working on a complex set of subjective and objective indicators to measure "national happiness"
Dacca
Bhutan
New Delhi
Economic growth happens in the ___ term
The other answers are correct
Short
Long
The Four Asian Tigers are: Taiwan, South Korea, ___ and Hong Kong
Singapore
Birmania
Laos
The phases of an economic cycle are: ___, recession, depression and expansion
The other answers are correct
Peak
Base
An economic ___ is a sharp transition to a recession
The other answers are correct
Depression
Crisis
The GEO-4 report supports the reasoning and observations made by Thomas Maltus in early ___
1800
1700
1900
Canadian scientist, David Suzuki indicated in the 1990s that ecology can only sustain from ___ new growth per year