1. When the circular flow is in equilibrium, gross domestic income equals gross domestic output.

True

False

2If a U.S. automaker manufactures cars in Mexico, these cars will be included in U.S. gross national product and Mexico's gross domestic product.

True

False

3.Saving is an injection in the circular flow.

Group of answer choices

True

False

4)Indexation refers to

Adjusting nominal payments for inflation.

Measuring prices using the Consumer Price Index.

The process of stabilizing economy-wide prices.

Measuring wages in nominal, rather than real, terms.

5) Rates of economic growth have consistently been higher for advanced countries than for emerging countries.

Group of answer choices

True

False