-In the above figure, flow B represents
A) household purchases of goods and services.
B) household borrowing.
C) household income.
D) firms' payments for labor services.
Correct Answer:
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Q21: Compared to the other sources of spending,
Q22: The circular flow shows that the household
Q23: The circular flow model shows that consumer
Q24: In the circular flow diagram, aggregate expenditure
Q25: The circular flow diagram shows
A) how nominal
Q27: Double counting (counting the same thing twice)
Q28: In the circular flow of income
A) households
Q29: The factor market can best be described
Q30: In the circular flow model of an
Q31: If we compare the four sources of
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