In the circular flow model of an economy, households
A) receive income from buyers of goods and services.
B) receive income from the sale of factors in the goods markets.
C) pay firms for the use of their factors.
D) receive income from producers for the use of factors in the factor markets.
Correct Answer:
Verified
Q25: The circular flow diagram shows
A) how nominal
Q26: Q27: Double counting (counting the same thing twice) Q28: In the circular flow of income Q29: The factor market can best be described Q31: If we compare the four sources of Q32: The circular flow diagram indicates that Q33: In computing GDP, it is essential to Q34: In the circular flow of economic activity Q35: The circular flow diagram shows that
A) households
A) households
A)
A)
A) the
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