Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Question
Chapter 17, Problem 6AA
To determine
To choose: The suitable word that best completes the sentence.
Expert Solution & Answer
Explanation of Solution
The suitable word that best completes the sentence is offset.
The position of government is in between the circular flow of income and output. It is the responsibility of Federal government to control the leakages and injections in an economy by using the fiscal policy. However, there are some income that do not follow the circular flow of income. Some income is removed from this flow by the way of consumer saving and
Economics Concept Introduction
Introduction:
Circular flow of income and output- The theory of circular flow of income and output states that income flows continuously between the businesses and consumers. The money income flows from businesses to households in form of wages, rent and interest. This money income flows from households to businesses as payments for products and services from consumers.
Chapter 17 Solutions
Economics Today and Tomorrow, Student Edition
Ch. 17.1 - Prob. 1RCh. 17.1 - Prob. 2RCh. 17.1 - Prob. 3RCh. 17.1 - Prob. 4RCh. 17.1 - Prob. 5RCh. 17.2 - Prob. 1RCh. 17.2 - Prob. 2RCh. 17.2 - Prob. 3RCh. 17.2 - Prob. 4RCh. 17.3 - Prob. 1R
Ch. 17.3 - Prob. 2RCh. 17.3 - Prob. 3RCh. 17.3 - Prob. 4RCh. 17 - Prob. 1AACh. 17 - Prob. 2AACh. 17 - Prob. 3AACh. 17 - Prob. 4AACh. 17 - Prob. 5AACh. 17 - Prob. 6AACh. 17 - Prob. 7AACh. 17 - Prob. 8AACh. 17 - Prob. 9AACh. 17 - Prob. 10AACh. 17 - Prob. 11AACh. 17 - Prob. 12AACh. 17 - Prob. 13AACh. 17 - Prob. 14AACh. 17 - Prob. 15AACh. 17 - Prob. 16AACh. 17 - Prob. 17AACh. 17 - Prob. 18AACh. 17 - Prob. 19AACh. 17 - Prob. 21AACh. 17 - Prob. 22AACh. 17 - Prob. 23AACh. 17 - Prob. 24AA
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