Refer to Figure 6-1."C" represents
A)the flow of factors of production.
B)the flow of factor incomes.
C)the flow personal consumption expenditures.
D)the flow of consumer goods and services.

Question

Quizplus · Accepted Answer

"C" in Figure 6-1 represents the flow of personal consumption expenditures, which are the expenditures made by households on goods and services produced by firms. Therefore, the best choice is C.

Refer to Figure 6-1."C" Represents