Refer to the circular flow model of the economy.In the diagram flow (1) represents:
A)wage, rent, interest, and profit income.
B)land, labour, capital, and entrepreneurial ability.
C)goods and services.
D)consumer expenditures.

Question

Refer to the circular flow model of the economy.In the diagram flow (1) represents:
A)wage, rent, interest, and profit income. 
B)land, labour, capital, and entrepreneurial ability. 
C)goods and services. 
D)consumer expenditures.

Quizplus · Accepted Answer

The Answer of  Refer to the circular flow model of the economy.In the diagram flow (1) represents:
A)wage, rent, interest, and profit income. 
B)land, labour, capital, and entrepreneurial ability. 
C)goods and services. 
D)consumer expenditures.

Refer to the Circular Flow Model of the Economy