EC140 - Midterm 1 (CHAPTER 20) Questions with accurate answers [verified]Graded A+

Consider the circular flow of expenditure and income in the Canadian economy. Which of the following is an injection into the circular flow? A. You put $500 into your TFSA (tax−free savings account). B. Bombardier imports machine parts from Germany. C. Loblaws pays corporate income tax to the federal government. D. You make an online purchase from a U.S. retailer. E. Bombardier exports subway cars to Mexico. - Answers-E. Bombardier exports subway cars to Mexico. In macroeconomics, what is meant by the term "investment"? A. the production of goods for immediate consumption B. the same thing as profits C. money spent in markets for financial capital D. the production of goods not for immediate consumption use E. the total amount of capital goods in the country - Answers-D. the production of goods not for immediate consumption use