The circular flow diagram indicates that
A) firms buy the services of factors of production from the government.
B) households sell goods and services to the government.
C) households sell the services of factors of production to firms.
D) firms buy goods and services from households.
Correct Answer:
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Q21: In the circular flow diagram, aggregate expenditure
Q22: Q23: The factor market can best be described Q24: The circular flow diagram shows Q26: In the circular flow of income Q27: In computing GDP, it is essential to Q28: Which of the following is true regarding Q29: The circular flow shows that the household Q30: If we compare the four sources of
A) how nominal
A) households
A)
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