Even the richest person in this world may have sacrcity

Select one:

True

False

In a circular flow diagram imports represent aleakageand exports represent aninjection

Select one:

True

False

The real interest rate is equal to the nominal interest rate plus the expected inflation rate.

Select one:

True

False

If price of a product and consumption of its related product move in thesamedirection then the two goods are substitute.

Select one:

True

False

Use the data to answer this question. What is the value of national income?

Personal Income$327Undistributed corporate profits59Corporate profits tax38Other income not paid out17Government transfer payments103

Select one:

a.

316.

b.

304.

c.

544.

d.

338.