In a simple circular flow model of a private-sector closed economy:
A) We ignore trade-flows and financial flows between countries.
B) We include all spending from households and governments.
C) We include all spending from households and businesses.
D) We include all spending from households, businesses and governments.
Correct Answer:
Verified
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Q16: Which of the following statements is false?
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Q17: Which of the following statements is true?
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Q21: The circular flow without taxation, government spending
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